TITLE:
3 single family rental homes in Socorro, NM
CONTROL:
Owner
VALUE:
$395,009
LOAN:
$0
EQUITY:
$395,009
TYPE:
Multi-Family
HAVE:
3 contiguous single family homes. All leased with professional management in place. Homes were renovated in 2022.
ADDRESS:
104, 106 and 108 B Street, Socorro, New Mexico
BENEFITS TO NEW OWNER:
Path to cash. Split a partnership. Owner financing.
GROSS SCHEDULED INCOME:
$31,800 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$31,800
EXPENSES:
$10,016
NOI:
$21,784
DEBT SERVICE:
$0
CASH FLOW:
$21,784
CAP RATE:
5.51%
BENEFITS SOUGHT:
Put equity to work. Looking for a project property or go up into a larger asset.
CAN ADD:
Owner financing, cash, additional single family rental property, land.
COUNSELOR:
Brandon Sanchez
The Sanchez Group
PO Box 1781
Moriarty, New Mexico, 87035
