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Juniper Park Apartments, 1308 Rufina Ln., Santa Fe (Sold)

$2,492,000
  • ID PROP-­MLS# 201702218
  • Listing type: Sold
  • Bedrooms 28 units: 16 2 bed/1 bath, 883 sq.ft. & 12 1 bed/1 bath, 719 sq.ft.
  • Plot Size 1.40 acres
  • Living Area 26,948 sq. ft.
  • Property type: Commercial for Sale

Property Description

Juniper Park Apartments is located in Santa Fe’s designated midtown arts district, near Meow Wolf, new breweries, Cacao: The Art of Culture & Chocolate, and coffeehouses — the new hip and happeningarea of town. Rents are on the rise in the neighborhood, making it a great investment opportunity. The apartments feature 28 units: 16 two-bedroom, one-bath, 883-square-foot units and 12 one-bedroom, one-bath, 719-square-foot units. Rents are being increased now to $850.00 per month for the units with two bedrooms and $750.00 for those with one. All apartments feature wood-burning fireplaces, and balconies or fenced yards, with added amenities of separate outdoor storage units and on-site laundry facilities. The property has 26,948 square feet of heated space and is sited on 1.406 acres. At the asking price of $92 per square foot, this is a great investment. Income and expenses are on file, and the new increased rent program is in place.

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