Real estate investment is all about location, potential, and, most importantly, return on investment (ROI). This downtown property located near the Historic Plaza offers a compelling case for why investors should seriously consider adding it to their portfolios. Here are five reasons you can’t afford to overlook this golden opportunity. More Images For 138 Fiesta St.
1. Prime Location in Santa Fe’s 87501 Zip Code
The property’s proximity to the Historic Plaza makes it a hotbed for growth and development. The area is rich in culture, shopping, and dining options, drawing tourists and locals alike. Your investment is not just in a plot of land or a structure; it’s in a thriving community where property values have a history of steady appreciation. A location like this is nothing short of a treasure for savvy investors. Why? See other homes on the market today in this Santa Fe NM 87501 Zip Code.
2. Large .78-Acre Lot
If real estate investment were a game, then land would be the ultimate trump card. The massive .78-acre lot provides an array of possibilities — be it building additional units, landscaping for aesthetic or functional purposes, or even subdividing the land for multiple developments. The size of this lot alone is an invitation to dream big and earn even bigger. More Images for 138 Fiesta St.
3. No Homeowners Association (HOA) Or Historic Board Rules
Investors love freedom, and nothing offers more freedom than a property without a homeowners association. Without the constraints and fees of an HOA, you’re free to develop or alter the property as you see fit. Whether you’re interested in renovations, upgrades, or changes to the landscaping, the sky’s the limit. This level of freedom is a rarity in today’s market and significantly boosts the property’s ROI potential. Better yet, this property is close to the Plaza and NOT under the control of the Santa Fe Historic Board!
4. Investor-Friendly Features
This 2-bedroom, 2-bathroom manufactured home is already ripe with features that make it an attractive prospect for either rental or resale. The evaporative cooling system is a cost-effective way to handle the summer heat, while the two-car garage adds extra value. Investors can make minor improvements to significantly increase the property’s market value. Even as it stands, the property offers a comfortable, functional space that will be easy to market to a broad range of tenants or buyers.
5. Untapped Potential for Development
Given the size of the lot and its downtown location, this property holds significant promise for future development. Investors can consider multiple avenues: from transforming it into a multi-unit complex for increased income to adding value through luxury upgrades. With proper planning and execution, this could be the cornerstone property in any real estate portfolio.
In summary, this downtown property presents a multifaceted investment opportunity that’s hard to ignore in the Santa Fe, New Mexico real estate market. From its prime location and expansive lot to the absence of an HOA and its untapped potential for development, the property checks all the boxes that matter to a discerning investor. Seize this unparalleled opportunity to stake your claim in a growing and vibrant community.
Don’t miss out—this is one investment chance that’s as promising as it is rare. Let’s talk about your investment and learn about options and possibilities. Reach out to Emily Medvec and learn more.
Thank you for reading.