Rare opportunity to own a 3 bed 2 bath ranch style home on 1.45 AC in the Rodeo Road Estates Subd! Enjoy the serenity of the front courtyard with a covered patio and grass lawn. The stewarded irrigation incorporated with the xeriscape landscaping is an added bonus. This home's entrance is a bright foyer with vaulted ceilings open to the large dining area. The open custom kitchen is ideal for cooking and entertaining guests. Beyond the contemporary barn door entrance is the spacious living area featuring wooden vigas, a custom fireplace with a large wooden mantle, numerous windows bring in natural light, and rustic accented flooring boasts Santa Fe charm. Fully fenced backyard has a gate for backyard access, a small pond accent, basketball court, attached 2 car garage and space for an RV!
Just minutes away is the transformative Midtown District redevelopment, a major mixed-use project expected to bring new housing, employment centers, creative office space, parks, and cultural uses to the heart of Santa Fe. This continued investment enhances the long-term growth story for surrounding neighborhoods and increases the desirability of nearby housing.The property consists of three one-bedroom / one-bath units totaling approximately 1,740 square feet on a 0.11-acre parcel. Metrics of investment performance at the ask price of $496,084 and average rents of $1,270 include a GRM of 10.83, a before-reserves cap rate of 5.89%, a price per sf of $285.11, a price per unit of $165,361 with an after-tax IRR of 12.9%.
Experience an enchanting Southwestern retreat in one of Santa Fe's most exclusive neighborhoods. This stunning 3 bed, 3 bath home has soaring ceilings with exposed vigas and exquisite Saltillo tile floors, set within an open, light-filled space enhanced by expansive windows. The inviting living area centers around a kiva fireplace and flows into a chic dining area and state-of-the-art kitchen outfitted with stainless steel appliances. Perfect for rental opportunities with all furniture, household items, artwork, and decor ensures a truly turnkey move-in experience. Adding to its appeal are a private gated entrance, lush mature landscaping, 2 car garage, all ideally located just minutes from shopping, dining, and downtown Santa Fe.
Daria Derebera
Real Estate Broker in Albuquerque, NM
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