This darling South Capitol condo with a short-term rental permit is now available for sale. NO CONDO FEES.
The City of Santa Fe is no longer issuing short-term rental permits and there is now a waiting list. Only 300 were ever issued. Because this property is frequently rented, the owner prefers to sell this privately, so this property will not be on the MLS. This is a turnkey investment opportunity with a proven track record on Vacation Rentals By Owner (VRBO.com).
If you don’t live here yet, this would be the perfect investment so you are able to generate income during the time you are not in town. You can buy the condo, use sites like https://www.homesgofast.com/blog/diy-projects-you-can-do-to-increase-your-property-value to learn at home DIY which you can do and then either sell the place or rent it out on a higher price which is assured to make you profits. If you do live here and want your money to work for you, this is an excellent project. Upgrades from our buddy at Marco/Amarco Plumbing and his home renovation friends include new stucco, new windows, plumbing, roofing of casita and carport, complete redo of outside areas with flagstone and moss rock, interior paint and bath renovation. All appliances are from 2006 and 2007. LG single unit washer dryer ($1600), 2011 new tankless hotwater unit ($2200). ,Walking distance to all that is Santa Fe including the Railyard, Farmers Market District, Plaza, Canyon Road and Old Santa Fe Trail.
The VRBO.com number is 324589. There you can see the positive comments from previous guests and the complete booking calendar for 2012. Buyer will receive the balance of VRBO membership and roster of all past guests. Extras – Direct TV, wireless high-speed internet through Century Link, window air conditioner. All kitchen supplies, linens, towels. Storage area in carport.
High Season – May – October. Weekly rate of $775 or $120 – $150 per night with a three-night minimum.
Low Season – November – April. Weekly rate of $675 or $105 – $135 per night with a three-night minimum.
Price: 288K includes all furnishings.
Property taxes approx. $1,700 per year.
Utility bills are reasonable and available upon request.
Owner is a broker.
If you would like to set up a private showing or would like more information on this wonderful investment opportunity, please call or email me.
Santa Fe Properties