TITLE:
Residential Land Ready for Development
CONTROL:
Exclusive
VALUE:
$340,000
LOAN:
$0
EQUITY:
$340,000
TYPE:
Land
HAVE:
220 Acres in McIntosh, NM ready for development. Natural gas and electricity already run to the property. Single wide on 10 acres bordering this property recently sold for $190,000.
ADDRESS:
Caleb Rd, Mcintosh, New Mexico
BENEFITS TO NEW OWNER:
Finish the development and reap the upside. New doublewide manufactured homes in this area are selling from $235-285.
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$745
NOI:
$-745
DEBT SERVICE:
$0
CASH FLOW:
$-745
CAP RATE:
0.00%
BENEFITS SOUGHT:
Activate equity in this land. Possible JV. Paper, income, path to cash.
CAN ADD:
Owner financing, JV, creativity.
REMARKS:
Property is broken down into two 10 acre tracts, two 40 acre tracts, and one 120 acre tract. Could be ideal for a well share and manufactured homes.
COUNSELOR:
Brandon Sanchez
The Sanchez Group
PO Box 1781
Moriarty, New Mexico, 87035
