720 School, Espanola, NM 87532
- $1,400,000
- List Price
- $1,400,000
- Status
- ACTIVE
- MLS#
- 202600611
- Year Built
- 1948
- Lot Size
- 24,393
- Area
- 31-Espanola
- Days On Market
- 13
Property Description
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.
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Additional Information
- Style
- Multi-Level, One Story
- Acres
- 0.56
- Sewer
- Public Sewer
- Roof
- Metal
- Levels
- Multi/Split
- Heating
- Forced Air
- Cooling
- Central Air, Refrigerated
- Appliances
- Dryer, Dishwasher, Gas Cooktop, Disposal, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
- Elementary School
- Espanola
- Middle School
- Carlos F. Vigil Espanola Middle School
- High School
- Espanola Valley High
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Listing courtesy of Rachael L. Baca from Logic Real Estate
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