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<< Back
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National Council of Exchangors
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CONTROL:
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Exclusive
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VALUE:
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$96,000
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LOAN:
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$0
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EQUITY:
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$96,000
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TITLE:
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CLOSE OUT LAST 8 LOTS OK FOR MOBILES
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TYPE OF PROPERTY:
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Subdivision
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HAVE:
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Eight one acre lots with community water, elec.,gas, phn. just need septic. Developers closeout $12K/lot in package deal. Past sales $16-22K/lot.
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WEBSITE ADDRESS:
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PARCEL#:
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CITY, STATE:
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MORIARTY, NM
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COUNTY:
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Torrance
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BENEFITS TO NEW OWNER:
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Super buy on developer close out....good demand for these lots or pop in the MH's and sell packages from $89-149K. To recreate these developed lots would cost from $25-30K each.
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GROSS SCHEDULED INCOME:
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$30,000
Projected
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VACANCY LOSS:
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$0
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GROSS EFFECTIVE INCOME:
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$30,000
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EXPENSES:
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$1,500
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NOI:
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$28,500
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DEBT SERVICE:
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$0
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CASH FLOW:
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$28,500
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CAP RATE:
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29.69%
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ENCUMBRANCES:
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BALANCE:
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PAYMENT:
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RATE:
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DUE:
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ASSUMABLE:
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LOAN 1:
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LOAN 2:
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BENEFITS SOUGHT:
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Path to cash...close out LLC.
Seller financing w/releases considered.
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CAN ADD:
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N/A
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REMARKS:
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About 35 min east of Albq. just north of Interstate 40...no cheaper lots anywhere in the area.
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COUNSELOR:
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Frank Andreone
Coldwell Banker Legacy
6767 Academy NE
Albquerque, NM 87109
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Phone: (505) 857-2294
Fax:
(505) 212-9380
land4u.nm@gmail.com
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