2377 Camino Capitan Santa Fe, NM 87505

Property Details for 2377 Camino Capitan

Year built

1993

Property size

4,988 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a six-unit apartment building located at 2377 Camino Capitan in Santa Fe, New Mexico, 87505. The property, built in 1993, boasts a total of 4,988 square feet on a sizable 20,909 square foot lot (.48 acres), zoned R-21. The two-story building comprises six units, each featuring two bedrooms and one full bathroom, with approximately 815 square feet of living space and good-sized closets. Each unit includes a washer/dryer connection (verification recommended). A separate 78 square foot laundry room is conveniently attached to the building. The property offers nine off-street parking spaces, a significant advantage for tenants. There are no HOA or COA fees. Individual gas and electric meters ensure tenants are responsible for their utilities. The asking price is $989,000, translating to $164,833.33 per unit and $198.28 per square foot. This central location provides easy access to public transportation (train and bus stops on Galisteo), shopping centers on St. Francis Drive, and the local hospital, making it highly attractive to renters. Current rental income data indicates consistent occupancy with leases in place. This property presents a strong investment opportunity with potential for rental income growth.