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| | Income Property on US Hwy 60 | 
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Property Type: Residential Income - House(s)
Last Updated: 8/5/2010 3:55:38 PM EST
Property # 21220
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Location:
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Socorro County, New Mexico 87801 USA
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View Address On Mapquest
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Value:
Loans:
Equity:
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$750,000
$0
$750,000
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Property Description:
INCOME PROPERTY 6-Commercial/apts + 14 spaces RV/Mobilehome-Park (full hookups)+ Renovated Adobe house + Single-wide mobilehome rental. Some owner financing available. Call 575.854.241 PRICE REDUCTION
Benefits to New Owner:
Growing community with friendly folks and the potential for growth is limitless. Property on main US Hwy 60, most furniture stays-GREAT turn-key opportunity Call 575.854.2417 for website + more info
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Unit Mix
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| # Units |
1 |
Bed/Bath |
3/1.5 |
Approx. Sq. Ft. |
1700 |
Avg. Rent/mo. |
$700 |
| # Units |
6 |
Bed/Bath |
0/6 |
Approx. Sq. Ft. |
400 |
Avg. Rent/mo. |
$2,400 |
| # Units |
1 |
Bed/Bath |
1/1 |
Approx. Sq. Ft. |
600 |
Avg. Rent/mo. |
$500 |
| # Units |
14 |
Bed/Bath |
0/RV |
Approx. Sq. Ft. |
0 |
Avg. Rent/mo. |
$400 |
| TOTALS |
22 |
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Annual Income & Expense
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| | Per/Year | % of G.I. | Projected/Year | | Gross Schedule Income | $80,000 | 100% | $107,000 | | Less Vacancy (-) | $9,000 | 11% | $200 | | Other Income (+) | $0 | 0% | | | Gross Operating Income | $71,000 | 100% | $106,800 | | Operating Expenses (-) | $20,000 | 25% | $20,000 | | Net Operating Income (=) | $51,000 | 64% | $86,800 | | Loan Payments (-) | $0 | 0% | | | CASH FLOW (=) | $51,000 | 64% | $86,800 | | Capitalization Rate | 5.37% | | 9.14% | | Lot Size | 7 + Lots | | Zoning | Variable | | Yr. Built | 1920-10' |
| Additional Income & Expense Comments | | Add $$ by adding back-in Bed & Breakfast Svcs. Zoned for commercial uses, and/or short-long term housing, art-gallery, Zoning allows changes and Dev. Illness forces sell. Unable to open for 12-mo. |
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Loans
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| | No information found. |
| Loan Comments | | No loans/liens. Property is free and clear-MUST SELL/exchange due to illness. Owners have not been able to operate business year-round due to illness. Owners financing available. |
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Additional Information Available Upon Request
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| No Appraisal available at this time | | | Other: Turn Key Operation |
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Can Adds
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| | No Can Add information found. |
Click to view Other parties that may want what you have based on a computer match from the property records data
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Owner's Profile
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| Occupation Owner Name Please Sign In or Register to view owner information. | | Why Owner No Longer Wishes to Own This Property | | Reduce time and management of property |
| Owner Comments and Benefits desired from Exchange | | Anywhere in USA - Prefer income generating properties: houses, apartments, duplex/triplex, etc. NO FIXERS. Will trade down/up. VERY MOTIVATED! Tell me what ya got. |
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Will Consider Exchanging For
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Commercial: Shopping Center
Industrial: Other
Residential Income: Apartments, Condo(s), House(s), Vacant, Other
Land: Other
Mobile Home Park: Family, Senior, Trailer / RV, Other
Personal Property: Cash, Notes / Paper, Barter Currency, Airplane, Automobile, Boat / Yacht, Gem Stones, Insurance/Viaticals, Services, Stocks, Other
Business Opportunities: Other
Owner Occupied: Condominium, Duplex, House, Mobile Home, Other
Services Offered: Other
U.S. Locations
| Map | States/Regions: California
Regions: 'SOUTHWEST'Non U.S. Locations
Other |  |
| Owner Will Exchange for Additional Comments | | Illness forces sell. Prefer a warmer climate (California Puerto Rico), but open to all options throughout USA. Prefer free & clear income property (apartments/multiple houses)in good condition. |
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Property Represented By
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| Click Here to contact the Owner or Agent representing this property. |
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not guarantee or warranty any information contained herein.
It is your responsibility to seek independent assistance for legal, tax, financial
and physical inspections. All information submitted is subject to errors, omissions,
change of price/value, withdrawal and to any special listing conditions
imposed by the principals.
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