TITLE:
Rio Puerco Vacant Land
CONTROL:
Partner
VALUE:
$1,800,000
LOAN:
$0
EQUITY:
$1,800,000
TYPE:
Land
HAVE:
150 Acres in the Rio Puerco, just west of Albuquerque near Rt 66 casino. property is close to electrical transfer site, has a main power line running on the north end of the property and is right next to a permit solar field that will be installed soon.
ADDRESS:
Vacant land, Albuquerque, New Mexico
BENEFITS TO NEW OWNER:
Good for future growth or solar field. Note the is a main natural gas feeder line that runs on the south end of the property.
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$250
NOI:
$-250
DEBT SERVICE:
$0
CASH FLOW:
$-250
CAP RATE:
0.00%
BENEFITS SOUGHT:
split up partnership
CAN ADD:
up to 150K cash, plus possible bank loan.
REMARKS:
land offers added value for the right developer. Just 12K per acre, or .28cents a foot. Owner Broker
COUNSELOR:
Gary Bernier
Vista Real Estate Solutions
PO Box 37376
Albuquerque, New Mexico, 87176
