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 ... (Read more)

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

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

Income Expenses

Annual Gross Income: 65000

Miscellaneous

Land Ownership: Land Owned

More Information

Sales Info

Seller Assist Ofrd: No
Trade/Xch Considered: No

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

Documents

Leases ›

LBP ›

P&L ›

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

601 Alto Street with 603 and 605, Santa Fe, NM 87501