1704-1706 Calle De Oriente Norte
Santa Fe, NM
2BED/ 2BATH/ 2 PARKING/ 1,074 SQFT EACH UNIT
Consistent Investment history Duplex opportunity in a central location of Santa Fe in the heart of Casas de Carlos subdivision. 2 current income producing units. The property is two 2-bedroom and 2 Bath floor Plans, each covering 1,074 square feet and equipped with appliances. Good lighting with Bay windows and Mature landscaping outside the property. The upstairs unit is more recently updated. The units are one on top of the other. Parking in the front of the building for each unit. Convenient location to shopping, restaurants and parks. Schedule your Private showing today and Get your Investing portfolio growing.
There are several advantages to buying a property that can be used for rentals. Here are some of the most notable ones:
Passive income: One of the most significant advantages of owning a rental property is that it can generate passive income. This means that you can earn money from the property without having to put in much effort once it's rented out. The rent payments can cover the mortgage, property taxes, and other expenses, leaving you with a profit.
Appreciation: Real estate tends to appreciate over time, meaning that its value increases. By buying a rental property, you have the potential to earn money from the rent while the property increases in value. This can be a great long-term investment strategy.
Diversification: Owning a rental property is a way to diversify your investment portfolio. It can provide a steady stream of income and a hedge against inflation.
Control: As the owner of the property, you have control over who lives there, how much rent to charge, and how to maintain the property. This can give you a sense of control and security over your investment.
Overall, owning a rental property can be a great way to generate passive income, build wealth, and diversify your investment portfolio. However, it's important to consider the potential risks and challenges, such as property management, vacancies, and repairs, before making a decision.