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School Street 720-724 School St 7 Unit Apartment Building $1,922,326 CAD ($274,618 CAD/Unit) 7.73% Cap Rate Espanola, NM 87532
Investment Highlights
- Newly renovated w/easy access to Los Alamos
Executive Summary
Incredible 7-unit investment opportunity in the heart of Española’s desirable westside neighborhood, nestled between the Rio Grande River and the Plaza. 720 School Street is fully occupied and has been extensively remodeled, offering a rare turnkey multifamily property with low/no maintenance ownership. Updates include new flooring, newer central heat and air conditioning, upgraded electrical and plumbing, newer kitchens with granite countertops, natural stone backsplash, stainless steel appliances, LED lighting throughout, newer stucco, metal roof, and updated windows. Each unit features its own in-unit laundry and outdoor space, plus designated 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 flexibility for individual unit sales. Located approximately 20 miles from Los Alamos National Laboratory, this property offers strong rental appeal with excellent long-term investment potential.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Yard
- Breakfast Nook
- Den
- Dining Room
- Double Pane Windows
- Family Room
- Framed Mirrors
- Freezer
- Linen Closet
- Pantry
- Patio
- Porch
Site Amenities
- 24 Hour Access
- Controlled Access
- Trash Pickup - Curbside
- Online Services
- Private Bathroom
- Walk-Up
- Smoke Detector
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Logic Real Estate
School Street | 720-724 School St
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