TITLE:
ZIA RV PARK MORIARTY NM
CONTROL:
Exclusive
VALUE:
$1,600,000
LOAN:
$875,000
EQUITY:
$725,000
TYPE:
Mobile Home/RV
HAVE:
Zia RV Park in Moriarty, NM. 24 full hook-ups, 8 water and electric hook-ups. Easy to upgrade 8 and add 18 new full hook-ups for a total of 51. Park is entitled up to 70 but would require new lines.
ADDRESS:
740 Abrahames Rd, Moriarty, New Mexico
BENEFITS TO NEW OWNER:
Upside. Upgrade 8 water and electric hookups and add 10 full hookups with out adding new lines.
GROSS SCHEDULED INCOME:
$277,043 Projected
VACANCY LOSS:
$13,850
GROSS EFFECTIVE INCOME:
$263,193
EXPENSES:
$90,952
NOI:
$172,241
DEBT SERVICE:
$81,840
CASH FLOW:
$90,401
CAP RATE:
10.77%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$375,000
$3,750
12%
06/01/2026
No
LOAN 2
$500,000
$3,070
6%
06/01/2030
No
BENEFITS SOUGHT:
Out of title. Income properties or opportunities in Colorado.
CAN ADD:
Mobile Home Park + Storage and 6 Unit Retail Strip Center in Los Lunas NM.
REMARKS:
These long-term, very capable clients are looking to move their equity closer to home in Elizabeth, CO.
COUNSELOR:
Blake Allen
Allen Realty
108 Canon Ave
Manitou Springs, Colorado, 80829
