720 School

1 of 74
  • Price: $1,400,000
  • MLS: 202600611
  • Status: Active
  • Type: Apartment
  • Acres: 0.56
  • Area: 31-Espanola
  • Total Sqft: 0

Presenting Broker

Bunny Terry

Bunny Terry
(505) 504-1101
Email Me

    Property Description

    Incredible 7-unit investment opportunity in the heart of Espaola's desirable westside neighborhood, nestledbetween the Rio Grande River and the Plaza. 720 School Street is fully occupied and has been extensivelyremodeled, offering a rare turnkey multifamily property with low/no maintenance ownership. Updates include newflooring, newer central heat and air conditioning, upgraded electrical and plumbing, newer kitchens withgranite countertops, natural stone backsplash, stainless steel appliances, LED lighting throughout, newerstucco, metal roof, and updated windows. Each unit features its own in-unit laundry and outdoor space, plusdesignated parking. Residents also enjoy access to a shared 0.56-acre lot--ideal for relaxing or gathering.Condominium documents are complete and available for review, and ready to record, providing future flexibilityfor individual unit sales. Located approximately 20 miles from Los Alamos National Laboratory, this propertyoffers strong rental appeal with excellent long-term investment potential.

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    Neighborhood Info

    Nambe Area

    The areas to the north between Santa Fe and Taos possess some of the most spectacular and varied landscapes in New Mexico. Beautiful communities line the Taos Gorge and the Rio Grande like Espanola, Velarde & Dixon along what is called the ‘Low Road’ to Taos.

    The ‘High Road’ is a scenic, winding road through the Sangre de Cristo Mountains that runs between Santa Fe and Taos.

    Additional Information

    • Type Apartment
    • Stories Multi/Split story
    • Style Multi-Level, One Story
    • AppliancesDryer, Dishwasher, Gas Cooktop, Disposal, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
    • UtilitiesOther, Separate Meters, Electricity Available
    • Interior FeaturesInterior Steps
    • HeatingForced Air
    • Security FeaturesDead Bolt(s), Heat Detector, Smoke Detector(s)
    • Construction MaterialsAdobe, Block, Stucco
    • RoofMetal
    • SewagePublic Sewer

    Schools

    • Elementary School: Espanola
    • Junior High School: Carlos F. Vigil Espanola
    • High School: Espanola Valley High

    Listing Brokerage

    IDX listing

    Logic Real Estate

    Rachael Baca

    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 REAL Broker ® are marked with the IDX logo. All data in this web site is deemed reliable but is not guaranteed.

    Bunny Terry 505.504.1101

    20 Vereda Serena Santa Fe, NM 87508