1607 5th Street

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1607 5th Street

Santa Fe, NM 87505
Asking Price
$496K
Cap Rate
5.89%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Multifamily | 5.89% CAP | 3 Units <ul><li>​This triplex contains three one bedroom, one bathroom units with a current average rent of $1,270 which leaves a long runway to increase value by raising rents closer to the market average of $1,648</li><li>​Opportunity to be an owner occupant or investor in a market with strong job growth and a housing shortage</li><li>​Walking distance to multiple parks, retail establishments, and restaurants</li><li>​Biking distance to the dozens of miles of Santa Fe's outdoor hiking/biking trails</l

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NOI
$80,000
Cap Rate
16.13%
DSCR
2.72
Strong
Cash-on-Cash
33.96%
Monthly Payment
$2,454.353
Annual Cash Flow
$50,547.764

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