Located near Meow Wolf, The community contains a range of units from small one bedrooms, averaging 432 sf to larger two bedroom units at 620sf. The lower floor units have a secure, double loaded corridor and the ground floor and upstairs units have their own private entrances. The property contains a common laundry room. The owner has furnished a couple of the smaller units to appeal to the traveling nurses/professional market. If you want to pay all cash, or obtain a new loan, the price is $3,041,153 - a 6.37% cap rate at the current average rents of $1,117, the measure of investment performance include a price per unit of $132,220, a price per square foot of $265.83 a GRM of 9.86 and a cap rate of 6.37%
Welcome to Cielo Encantado, an extraordinary Santa Fe compound newly returned to the market after a prior transaction did not proceed to closing through no fault of the seller. Now offered below appraised value, the property presents a rare opportunity to acquire immediate equity. The compound includes three residences: main house, guest house and casita. It is ideal for a family compound, second home in New Mexico, or a flexible ownership model where one or two residences may be rented when not in use. The main residence offers the substance and soul of adobe construction, with classic Southwestern lines, handcrafted wood detailing, and elements that speak to another era of Santa Fe living. It is not pretending to be new.
Nestled within the heart of Santa Fe's high desert landscape, this authentic adobe home offers a rare opportunity to own a 10acre retreat surrounded by natural beauty, wide-open skies, and timeless Southwestern charm. This property provides total privacy and tranquility while remaining conveniently located near the city's renowned dining, arts, and cultural amenities.Enjoy expansive vistas, serene surroundings, and the freedom to embrace indoor-outdoor living in a setting that reflects the authentic spirit of Northern New Mexico. Whether you envision a full-time residence, a second home, or a creative sanctuary, this property offers exceptional potential and a soulful connection to the land. Experience Santa Fe living where space, scenery, and serenity meet
This prime 3.76-acre vacant commercial parcel at 6680 Cerrillos Road offers a unique investment opportunity in the heart of Santa Fe's bustling automotive retail hub, home to a cluster of 12 dealerships. This property is positioned just north of the Walmart Superstore and Presbyterian Hospital and stands out for its strategic location. While some of the land falls within a floodplain, the parcel has approximately 1.5 acres of buildable terrain. This opens up the potential for constructing a two-story structure exceeding 20,000 square feet, with innovative terrain management strategies enabling the second level to align with Cerrillos Road's elevation.
This prime 3.76-acre vacant commercial parcel at 6680 Cerrillos Road offers a unique investment opportunity in the heart of Santa Fe's bustling automotive retail hub, home to a cluster of 12 dealerships. This property is positioned just north of the Walmart Superstore and Presbyterian Hospital and stands out for its strategic location. While some of the land falls within a floodplain, the parcel has approximately 1.5 acres of buildable terrain. This opens up the potential for constructing a two-story structure exceeding 20,000 square feet, with innovative terrain management strategies enabling the second level to align with Cerrillos Road's elevation.
Daria Derebera
Real Estate Broker in Albuquerque, NM
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