506 Old Hospital
Espanola, NM 87532
- 3 beds
- 2 baths
- 4,045 sqft
- ~1/2 acre lot
- $95 per sqft
- 1975 build
- – on site
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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 courtesy of SFARMLS / Lynn G-Scott / Logic Real Estate
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Last updated Apr 29, 2024
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MLS# 202200835 —
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/26/22
Jul 26, 2022
|
Sold | SFARMLS | ||
6/23/22
Jun 23, 2022
|
Pending | SFARMLS | $399,900 |