TITLE:
Socorro Restaurant
CONTROL:
Partner
VALUE:
$450,000
LOAN:
$200,000
EQUITY:
$250,000
TYPE:
Retail/Commercial
HAVE:
A restaurant in good condition. Buffet style equipment. Nice kitchen. Stucco is good. Large Street sign.
ADDRESS:
900 California, Socorro, New Mexico
BENEFITS TO NEW OWNER:
Can move debt. Leaseback for 1 year. Joe Crowley
GROSS SCHEDULED INCOME:
$42,000 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$42,000
EXPENSES:
$4,953
NOI:
$37,047
DEBT SERVICE:
$0
CASH FLOW:
$37,047
CAP RATE:
8.23%
COUNSELOR:
Angelo Mora
Keyway Properties
9998 Montgomery Blvd. NE Suite B
Albuquerque, New Mexico, 87111
