Carlos F. Vigil Espanola Middle SchoolMiddle School
Espanola Valley HighHigh School
Address: 506 Old Hospital
County: Rio Arriba
State: New Mexico
This family compound has many uses & possibilities! Besides a house, guest house and studio, there is also a hook up for an additional mobile home garage, carport, extra storage building, and a huge RV storage, which could easily be converted. All the structures are extremely well built & maintained. The main home features a 3 Bedroom plus a spacious office with an outside entrance. The main home has venetian plaster walls, granite countertops, a recent central heating and cooling system. In addition there is a large utility room with space for hobbies as well. The contemporary guest house has an open concept with high ceilings and is a 1 bedroom with 1 1/2 bath. The casita is small but cute and currently has a tenant on a month to month basis. Besides all of the many features this property offers, it could also function as a fabulous investment. Based on rental comps, the main home should easily bring in $1,800 in monthly rent, the guest house $1,300 and the casita $800, In addition one could rent the RV garage as well. Based on potential rent for the 3 unit, total monthly income would be $3,900 which could provide an investor an 8% cap rate.
Listing Agent: Yassaman Amirmoez Courtesy of: Logic Real Estate Listing information provided courtesy of the Santa Fe Association of REALTORS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 9th August, 2022 10:46 PM (UTC)