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506 Old Hospital

Espanola, NM 87532
  • $399,900
  • STATUS: Active
  • ON SITE: 60 Days
  • MLS #: 202200835
UPDATED: 72 min ago
$399,900
  • 3
    BEDS
  • 0.6
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 4,045
    SQFT
  • $99
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1975
County:
Area:

School Information

Elementary School:
High School:

Description

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.

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© 2022 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than The Very Best Santa Fe Team - Keller Williams are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-05-18T21:52:33.173.
www.theverybestofsantafe.com/homes/126855256
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506 Old Hospital Espanola, NM 87532

  • Price: $399,900
  • Status: Active
  • On Site: 60 Days
  • Updated: 72 min ago
  • MLS #: 202200835
3
Beds
2
Baths
0
½ Baths
0.6
Acres
4,045
SQFT
$99
$/SQFT
1975
Built
Neighborhood:
32-Fairview
County:
Rio Arriba
Area:
32-Fairview
Elementary School:
Fairview
Middle School:
Carlos F. Vigil Espanola Middle School
High School:
Espanola Valley High
Property Description
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.
Exterior Features

Construction BlockFrameStucco Extras Cooking - GasGarage Door OpenerInsulated WindowsOut BuildingsRv Parking AvailableSatellite TvSecurity System Garage Type CarportDetachedRv Garage Guest House Yes Levels Single River Front No Roof Metal - PropanelPitched Style North New Mexico Substructure Crawl Space

Interior Features

Appliances DishwasherDisposalRange/OvenRefrigerator Cooling RefrigeratorCentral Fireplace Yes Fireplace Type Wood Burning Floor CarpetConcreteTile Heating Floor FurnaceFireplace Insert Interior Steps No Sq Ft Guest House 1697 Sq Ft Heated Approx J 4001 - 5000 Sq Ft Main House 2092 Sq Ft Studio 256

Property Features

Ada Compliant No Age 31+ Years Assessments And Other Fees No Authority Espanola City Bank Owned No Documents On File Sellerã¢Â‚¬Â„¢S Disclosures Electric Public Fireplaces One Fractional Ownership No Gas Natural High Speed Available DslWireless Hoa No Lot Size Source Appraiser Possession At Closing Property Subtype Single Family Right Of First Refusal No Sewage City Short Sale No Taxes 916.88 Telephone On-Site Terms CashLease Purchase Trade No Vow Address Display Yes Water City Water Rights No

Listing provided courtesy of Logic Elite of Logic Real Estate. © 2022 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.


© 2022 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than The Very Best Santa Fe Team - Keller Williams are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-05-18T21:52:33.173.
 
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Santa Fe NM, 87501