TITLE:
3908 and 3910 Rodeo Rd Santa Fe
CONTROL:
Partner
VALUE:
$450,000
LOAN:
$200,000
EQUITY:
$250,000
TYPE:
Retail/Commercial
HAVE:
Have two 1000 homes on commercial zoning off rodeo rd in Santa Fe. Both properties need to be worked on. These are a fix and flip or a fix and hold opportunity for the right buyer.
ADDRESS:
3908 and 3910 Rodeo Rd, Santa Fe, New Mexico
BENEFITS TO NEW OWNER:
Fix and flip or fix and hold opportunity. Two homes one was a dress shop the other a duplex
GROSS SCHEDULED INCOME:
$74,400 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$74,400
EXPENSES:
$6,000
NOI:
$68,400
DEBT SERVICE:
$26,600
CASH FLOW:
$41,800
CAP RATE:
15.20%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$100,000
$1,200
12%
12/31/2026
Yes
LOAN 2
$100,000
$1,020
10%
03/31/2027
Yes
BENEFITS SOUGHT:
Have another project I am working on. looking to move through to property.
CAN ADD:
land, cash or bank loan up to 500k
REMARKS:
Owner broker will look at all opportunities including JV
COUNSELOR:
Gary Bernier
Vista Real Estate Solutions
PO Box 37376
Albuquerque, New Mexico, 87176
