NCE National Council of Exchangors
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National Council of Exchangors
CONTROL: Exclusive VALUE: $96,000
    LOAN: $0
    EQUITY: $96,000
TITLE: CLOSE OUT LAST 8 LOTS OK FOR MOBILES
TYPE OF PROPERTY: Subdivision
HAVE: 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.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: MORIARTY, NM COUNTY: Torrance
BENEFITS TO NEW OWNER: 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.
GROSS SCHEDULED INCOME: $30,000    Projected
VACANCY LOSS: $0
GROSS EFFECTIVE INCOME: $30,000
EXPENSES: $1,500
NOI: $28,500
DEBT SERVICE: $0
CASH FLOW: $28,500
CAP RATE: 29.69%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1:      
LOAN 2:      
BENEFITS SOUGHT: Path to cash...close out LLC. Seller financing w/releases considered.
CAN ADD: N/A
REMARKS: About 35 min east of Albq. just north of Interstate 40...no cheaper lots anywhere in the area.
COUNSELOR: Frank Andreone
Coldwell Banker Legacy
6767 Academy NE
Albquerque, NM 87109
Phone: (505) 857-2294
Fax: (505) 212-9380
land4u.nm@gmail.com
 
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