Homes by Carolyn Fischman

601 Alto Street with 603 and 605, Santa Fe, NM 87501 (MLS# 995057)

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: 6/14/2021 Last Modified: 8/13/2021

Overview

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 ...

Listing Details MLS# 995057

Status Change Info

Pending Date
2021-07-01
Closing Date
2021-08-13

Contract Information

List Price/SqFt
478

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.
MLS Area Major
310 - Santa Fe County N of RR
Zone Atlas
NOZA
Corner Lot
Yes
Downtown
Yes
Freestanding
Yes

General Property Description

Property Sub-Type
Other
Living Area
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
Yes
# Parking Spaces
2
Docks
No
Door Height
N/A
Disability Access
No
% Occupied
66
Transaction Type
Sale
# of Docks
0

Income Expenses

Annual Gross Income
65000

Miscellaneous

Land Ownership
Land Owned

More Information

Sales Info

Seller Assist Ofrd
No
Trade/Xch Considered
No

Tax & Legal Info

UPC Code
NOT AVAILABLE
Short Legal Desc
Refer to current title binder.
GRT Code
01-123
Tax Exemption
No
Tax Annual Amount
3000

Construction Materials

Adobe
Yes
Frame
Yes
Stucco
Yes

Cooling

Window Unit(s)
Yes
Other
Yes

Heating

Electric
Yes
Natural Gas
Yes
Radiant
Yes
Wood Stove
Yes

Income & Expenses

Annual Oper Expenses
4000
Lease Term/Months
Varies

Utilities

Cable Connected
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes
Phone Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Features

Security Lighting
Yes
Sprinkler System
Yes

Road Surface Type

Paved
Yes

Lease Information

Call List Office
Yes

Parking

Assigned
Yes
None
Yes

Docs/Data Available

Disclosure Statement
Yes
Existing Leases
Yes
Survey
Yes
Title Policy
Yes

Finance Considered

Cash
Yes
Conventional
Yes

Zoning

R-6
Yes

Property Features

Location: Corner Lot; Downtown; Freestanding; Corner Lot; Downtown; Freestanding Construction Materials: Adobe; Frame; 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 Unit(s); Other Features: Security Lighting; Sprinkler System Lease Information: Call List Office Parking: Assigned; None Finance Considered: Cash; Conventional Zoning: R-6
Listing Office: Sotheby's International Realty
Last Updated: August - 13 - 2021
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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