4761 Camino Unido Santa Fe, NM 87507

This unique Santa Fe property, located at 4761 Camino Unido, 87507, presents a compelling owner-user opportunity. The 1,313 square foot mixed-use building, constructed in 2005, boasts a 3-bedroom, 2-bathroom home seamlessly integrated with creative office space. The property sits on a 0.12-acre lot and is zoned R-1. Recent updates include new windows, carpet, paint, a large carport with electricity, and new radiant floor heating covers. The home features a private backyard with a pergola and an insulated shed, ideal for storage or a studio. The property offers four parking spaces. Currently operating at 96% occupancy, the property generates a Net Operating Income (NOI) of $22,800, with a projected NOI of $40,800. The asking price is $415,000, representing a current cap rate of 5.49% and a pro-forma cap rate of 9.83%. The property's location offers proximity to walking trails, schools, Swan Park, restaurants, and shopping. This versatile property is perfect for those seeking a blend of comfortable living and productive workspace, with significant upside potential. The property's assessed parcel number (APN) is 910009408. Full occupancy is projected for October 8, 2024.