TITLE:
Bed & Breakfast in the North Valley
CONTROL:
Exclusive
VALUE:
$1,399,900
LOAN:
$935,000
EQUITY:
$464,900
TYPE:
Other
WEBSITE URL:
ADDRESS:
414 C De Baca Ln. NW, Albuquerque, New Mexico
OTHER FILES:
GROSS SCHEDULED INCOME:
$110,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$110,000
EXPENSES:
$25,000
NOI:
$85,000
DEBT SERVICE:
$50,000
CASH FLOW:
$35,000
CAP RATE:
6.07%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$935,000
$5,000
6%
12/31/1969
Yes
REMARKS:
Long time B&B operation. Could also be a generational estate.
COUNSELOR:
Michael Schlichte
Absolute Real Estate
1100 Alameda Blvd. NW Ste.4
Albuquerque, New Mexico, 87114
