2859 Nm 14, Cerrillos, NM 87010
Local realty services provided by:ERA Summit
2859 Nm 14,Cerrillos, NM 87010
$989,000
- 4 Beds
- 3 Baths
- 2,978 sq. ft.
- Single family
- Active
Listed by:stephen j. hardy
Office:hardy & company
MLS#:202502250
Source:NM_SFAR
Price summary
- Price:$989,000
- Price per sq. ft.:$332.1
About this home
Multi-faceted commercial-residential property, turnkey and ready to go with rental income. Currently operating as a contemporary art gallery, an artist studio, an Airbnb, and a long-term home rental, this property is a gem in the artist community of Madrid. Located right in the heart of town, but with private courtyard areas, this unique plot offers beauty and reprieve while not sacrificing prime location. Property features: Main gallery/commercial floor with adjoining artist studio, kitchen, and bath, second level, private-entry loft apartment currently operating as a licensed Airbnb, and a private, free-standing 3bd/1ba home. Parking for 3 cars. All spaces recently renovated, with excellent natural lighting, this property shines as a bright and fresh investment, business opportunity, residential home, or all of the above. Ideal for an artist or entrepreneur. Option to purchase the existing business, and to keep the long-term rental tenant. Additional option to purchase all furniture/items in Airbnb to enable continuous business operation upon sale. Details to be discussed with the current owner and business operator. Recent improvements include new septic, new electrical panel, mini-split AC/heat units, exterior and interior paint job, lighting upgrades, exterior power-washing, gutter cleaning, professional window cleaning, and landscape upgrades. The property features two large water tanks, one for rainwater catchment, and other for freshwater delivery. Membership to Madrid Community Water will also transfer with the sale.
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Home facts
- Year built:1990
- Listing ID #:202502250
- Added:118 day(s) ago
- Updated:August 03, 2025 at 03:09 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Living area:2,978 sq. ft.
Heating and cooling
- Cooling:Ductless, Heat Pump, Refrigerated
- Heating:Heat Pump, Propane
Structure and exterior
- Roof:Pitched
- Year built:1990
- Building area:2,978 sq. ft.
- Lot area:0.12 Acres
Schools
- High school:Santa Fe
- Middle school:Milagro
- Elementary school:Amy Biehl Community
Utilities
- Water:Community Coop
- Sewer:Septic Tank
Finances and disclosures
- Price:$989,000
- Price per sq. ft.:$332.1
- Tax amount:$3,951 (2025)
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