TITLE:
Live Work Play Elephant Butte Lake NM
CONTROL:
Exclusive
VALUE:
$488,000
LOAN:
$0
EQUITY:
$488,000
TYPE:
Retail/Commercial
HAVE:
1100 SF 2 bedroom home/office. 3150 SF Shop with 2 sheds on a full fenced acre on well and septic.
ADDRESS:
779 NM Highway 181, Elephant Butte, New Mexico
BENEFITS TO NEW OWNER:
Leased to construction company. Tenant will stay.
OTHER FILES:
GROSS SCHEDULED INCOME:
$30,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$30,000
EXPENSES:
$4,864
NOI:
$25,136
DEBT SERVICE:
$0
CASH FLOW:
$25,136
CAP RATE:
5.15%
BENEFITS SOUGHT:
House near Albuquerque on the greenbelt on a full acre.
CAN ADD:
1. 10 acre Hay farm with a pond.
2. 1 house, 2 mobile homes on 7 acre Pistachio farm with Artesian well.
3. House next door for $235k
COUNSELOR:
Coralee Quintana
eXp Realty, LLC
One Sun Plaza Suite 650
Albuquerque, , 87109
Phone: 5056391266
