601 Alto Street with 603 and 605, Santa Fe, NM 87501
$1,195,000
Property Type:
Commercial Sale
Square Footage:
2,500
Lot Size (sq. ft.):
12,197
Status:
Closed
Current Price:
$1,195,000
List Date:
6/23/2021
Last Modified:
8/13/2021
Description
This special RAC zoned property located in the Historic Guadalupe District of Santa Fe with close proximity to the Railyard and the Plaza is comprised of a total of 0.28 acres of land on two separate legal lots of record. Three separate and charming single-level, one-bedroom casitas are completely and lovingly restored with cozy living areas, open kitchens, and bathrooms, all currently being leased with positive rental income. The property is ideal for a residential compound overlooking the banks of the Santa Fe River, with over 12,000 square feet of prime developable land (and a possibility of constructing additional luxury residences). The property is terraced from the street level on Upper Alto to the dirt portion of Lower Alto with a fenced and walled back parking area.
Supplements: Two wrought iron gates and a separate wood gate secure private, flagstone, and bricked garden courtyards for each casita with mature trees and landscaping. Two off-street parking spaces are situated just at the end of the compound. Two outbuildings and view decks overlooking the Santa Fe River complete the property. This is a true income-generating property perfect for those looking to develop a downtown, riverfront estate or family compound.
More Information MLS# 995057
Status Change Info
Pending Date: 2021-07-01
Closing Date: 2021-08-13
Contract Information
Listing Price: 1195000
Current Price: $1,195,000
List Price/SqFt: 478
Status: Closed
Location
Street #: 601
Street Name: Alto Street with 603 and 605
County: Santa Fe
City/Town Code: Santa Fe
State/Province: NM
Zip Code: 87501
Directions: At the corner of Alto Street and Closson Street.
Geo Lat: 35.688254
Geo Lon: -105.948716
Area: 310 - Santa Fe County N of RR
Zone Atlas: NOZA
General Property Description
Property Sub-Type: Other
Apx Structured SqFt: 2500
SqFt Source: Professional
Acres: 0.28
Lot SqFt: 12197
Apx Lot Dim Front: 147
Apx Lot Dim Side: 78
Lot Size Source: Survey
Flood Zone: X
Total # Stories: 1
# Parking Spaces: 2
Docks: No
Door Height: N/A
Disability Access: No
% Occupied: 66
Transaction Type: Sale
Tax & Legal Info
UPC Code: NOT AVAILABLE
Short Legal Desc: Refer to current title binder.
GRT Code: 01-123
Current Taxes: 3000
Tax Exemption: No
Income & Expenses
Annual Oper Expenses: 4000
Annual Gross Income: 65000
Lease Term/Months: Varies
Miscellaneous
Land Ownership: Land Owned
Sales Info
Seller Assist Ofrd: No
Trade/Xch Considered: No
Property Features
Location: Corner Lot; Downtown; Freestanding; Corner Lot; Downtown; Freestanding
Construction: Adobe; Frame
Exterior Material: Stucco
Road Surface Type: Paved
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Heating: Electric; Natural Gas; Radiant; Wood Stove
Cooling: Window Units(s); Other
Features: Security Lighting; Sprinkler System
Lease Information: Call List Office
Parking: Assigned Parking; None
Docs/Data Available: Disclosure Statement; Existing Leases; Survey; Title Policy
Finance Considered: Cash; Conventional
Zoning: R-6
Listing Office: Sotheby's International Realty
Last Updated: August - 13 - 2021
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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