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Santa Fe New Mexico has been long a refuge from humidity for many Texans, retirees as wellas employed and self employed. I’ve rented to many Texans over the years whom report this.The weather can not be beat. Having trouble to breathe? Santa Fe’ low humidity levels are amazing.Can you imagine hiking in Summer? yes you can here. Distance between the two states is very do-able driving but for the past few years, The Santa Fe Airport offers flights on United, Delta and American Airlines to Dallas and Houston.
Now to the property: Location:25 minutes to Downtown (depending on time of the day)(last residents worked downtown)15 to the south side (Walmart Super Center Area)20 Minutes to the SFE AirportOne hour to the ABQ Airport
5 minutes from the Lone Butte Store & San Marcos Feed and Cafe.10 minutes to the Santa Fe Studios & the Pen.10 minutes to town of Cerrillos, 15 min to Madrid.
Income: 7% rental income to home value!!! $3375 per month/$40,500 annually!(versus 1% ? in a regular bank account at $6,500 annually )
“Example found on the internet: A 65 yr old and looking to retire this year. Where can I find safe investments that will give me an annual return of 5% to 7% in retirement? –Gary, PennsylvaniaThe short answer is nowhere, assuming that by safe you mean an investment that will provide the return you seek without subjecting your principal to the possibility of loss.Indeed, it’s safe to say you won’t find any investment today that comes anywhere close to returning 5% to 7% a year that you could realistically describe as safe.”
3,000 square feet of compound heated living space, Privately Divided in:a) 1290 sq ft 2br 1 bath, NEWLY Constructed in 2012, very lovely in SFE style main house all ONE floor rents for $1275 UNfurnished.the first 10 pictures (minus the exterior pics of the compound)
b) 800 sqft 1 br, 1 ba, super cute SFe style Furnished in-law quarters This is a proven vacation rental due to it’s Santa Fe charm. All 5 star Reviews!rents between $60 and $100 a night. Now rented unfurnished $900 +utilities Pics 11-18
c) 920 sq ft 2br, 1ba Furnished apartment – very functional spacerents for $1200 furnished month to month + utilitiespics 19 – 24
d) PLUS 850 sq feet super shop – a Trophy Bonus to drool for! with several 240V plugs in shop for welding etc. rents for $400
***RARE & 25 GALLON P/MINUTE WELL !!! Cost today to drill and equip this well is $50,000.–This well has a 100 foot water table from 300 feet to 400ft deep!This property has NO water well restrictions on usage.
***RARE, for this area, TRUE high speed internet thru Century Link 60 to 80 mbpsdue to the immediate proximity of the Century Link junction box!
all spaces have pellet stoves, washer and dryers as well as electric base board heat for back up.
Therefor, would make a super multi generational home due toprivacy set up perfectly away from each others entrances. Or if three friends wanted to buy it and live there.Live in one of the private sections and rent out the other 2.Great set up for Home based businesses too due to high speed internet and super shop.The possibilities are endless, Paved roads to property. 15 min to town.
Insurance $800Three separate PNM metersRARE & 25 GALLON P/MINUTE WELL !!!
5.25 acres nearly all fenced.All electric, no dangerous propaneall Metal Pitch roofingGreat opportunity for a prop man, since its 10 min from the movie/film studios.Santa Fe studios, Eaves Movie Ranch, lots of ‘location’ filming on the Bonanza Creek Ranch.Incredible Work shop / garage of 850 square feet 2 story with loft of about 100 square feetcould make an artist paradise. several 240 power plugs.
1) September ’18 Sale of $335,000 comparable less than a quarter mile distance,and only at 1500 sq feet (half of this properties’ 3000 sq ft)that is $216 per sq foot. That comp also has a work shop, has 10 acres,HOWEVER, that water well is 3 gallons per minute versus this properties’ well at 25 Gallons!2) Another great Comparable Sold on April 25, 2019 on 107 South Fork, houseSale, $555000, Residential, 3200 Sqft, 2 Bedrooms, 3 Baths. $173 per sq foot.This is not an income producing property!!! (income producing have higher value)3) a single family residence across the road with NO garage, 2270 sq ft, 3 br, 2 bath,and no mention of how good their water well is, sold at $410.000 December 3rd, 2019. $180 per square foot. And this one sold FAST! With three recent comparable single family sales averaging $189 per square foot times 3,000 sq feet the value is easily $567,000 IF it was compared to an SFR.For an investor this is a great property.
This area has NO WELL WATER USAGE RESTRICTIONS! horses, live stock permitted.
sale of current residence – 1031 exchange – Cash and such. “owner financing” with $300,000 cash down remainder can be financed SHORT TERM 12 monthsat Interest Only at 6% + taxes and insurance
Please call 505 – three zero three – 0 0 six fouror email with questions via this page.
FOR SALE BY OWNEROWNER IS NOT A REALTOR————————————————————airbnb,homeaway,vrbo,fsbo,rural,views,livestock,shop,lowpropertytaxes,netlfix,Eaves Movie Ranch
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