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2382 Camino Capitan, Santa Fe, NM 87505

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For Sale
Sale Pending

$854,627

2 beds

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Attached
    Property type

  • 41-50 Years Old
    Age

  • Fireplace
    Fireplace

Explore this Property

If you love Santa Fe and being close to 5 parks, grocery, shopping restaurants and the Rail Runner (commuter train), then his property well located at 2382 Camino Capitan. The property contains a total of 6 units in 3 buildings built in the 1979. Historically a high barrier to entry market for new construction, the areas is identified as being short some thoursand of rental housing units. The community has partnered to bring more multifamily units on line than the Albuquerque area, but its not enough to satiate the resident demand. This has translated to high rent growth and the new construction is establishing a new ceiling on market rents ranging from $2,505 to $6,446 per month (you read that correct there are a half dozen communities that the high end of their rent is between $2,505 to $6,446 per month!) This high barrier to entry market has some of the most expensive single-family housing in the country with an average price over $700,000. The property is both a value add asset at an ask price of $854,627 and rents that are 24% below market. At the ask price and with average rents at $1,204 the measures of investment performance include a 9.86 GRM, 6.16% Cap rate, an after tax IRR of 14.5%, a price per unit of $142,438 and a price per square foot of $215.81. If rents are raised to the an average of $1,561 the cap rate improves to 8.05% and that includes underwriting a three fold increase in property taxes with a potential assessment at 85% of the sales price. Do not miss out on this opportunity to invest in one of America s most sought-after markets and receive a rare positive cash flow.
MLS# 202501295

Courtesy Of NM Apartment Advisors, Inc.

(505) 440-8633

Property Features

  • Age
    41-50 Years Old
  • Appliances
    Refrigerator
  • Architecture Style
    Other
  • Fireplace
    Fireplace
  • Lot Size
    0.29 Acres

Map and Directions

Directions to 2382 Camino Capitan, Santa Fe, NM 87505

Home seller CENTURY 21 Camco Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Camco Realty

(505) 292-2021
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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Copyright © 2025 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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