118-120 W Berger Street, Santa Fe, NM
$1,050,000
3,156
Square feet
0.22
Acres
About 118-120 W Berger Street
CALLING ALL INVESTORS!!! Sweet South Capitol Fourplex offered for the first time since 1982. Ample on-site parking. This fourplex unit mix consists of a single 2 bed/1 bath unit and three 1 bed/1 bath units. No washer/dryers. Leases are month to month. R21 zoning allows for multifamily residential use. The property has non-contributing historic status but there are HDRB restrictions on changing the portal/façade on the original 1950's back part of the building. The 1983 addition to the front of the building has more flexibility for expansion. All 4 units have their own electrical meter. Unit 118 and 120 A have gas heat on a single meter. Units 120B and 120C are all- electric units. Measures of current investment performance are a GRM of 21, pre reserves CAP rate of 4.86%, price per square foot of $333/sf and price per unit of $262,000/unit. Proforma measurements of investment performance is estimated at a cap rate of 8% and a GRM of 12.5. Please do not disturb tenants.
Features of 118-120 W Berger Street
| MLS® # | 202401250 |
|---|---|
| Price | $1,050,000 |
| Bathrooms | 0.00 |
| Total Square Footage | 3,156 |
| Acres | 0.22 |
| Year Built | 1950 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Style | One Story |
| Status | Active |
Community Information
| Address | 118-120 W Berger Street |
|---|---|
| Area | 3N-SF City SE North |
| City | Santa Fe |
| County | Santa Fe |
| State | NM |
| Zip Code | 87501 |
Amenities
| Utilities | Other, See Remarks, Electricity Available, Separate Meters |
|---|---|
| Parking Features | Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | No Interior Steps |
|---|---|
| Heating | Electric, Natural Gas |
| Cooling | None |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Frame, Stucco |
|---|---|
| Roof | Composition, Flat |
| Construction | Frame, Stucco |
School Information
| Elementary | Wood Gormley |
|---|---|
| Middle | Milagro |
| High | Santa Fe |
Additional Information
| Date Listed | April 9th, 2024 |
|---|---|
| Active Days on Market | 19 |
| Zoning | RM |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Associate Broker | Tai Bixby |
|---|---|
| Office | Real Estate Advisors, LLC |