Property Details

TITLE:
Water Rights and 10 acre Pecan Orchard/Business
CONTROL:
Exclusive
VALUE:
$798,000
LOAN:
$200,000
EQUITY:
$598,000
TYPE:
Agricultural
HAVE:
4 bedroom home, 11 acres with 66 acre feet Water Rights
ADDRESS:
714 HWY 52, Cuchillo, New Mexico
BENEFITS TO NEW OWNER:
66 acre feet of WATER RIGHTS New irrigation pump, lots of upgrades and equipment available.
GROSS SCHEDULED INCOME:
$225,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$225,000
EXPENSES:
$50,000
NOI:
$175,000
DEBT SERVICE:
$24,000
CASH FLOW:
$151,000
CAP RATE:
21.93%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$200,000
$2,000
7%
12/31/1969
No
BENEFITS SOUGHT:
Home in Wisconsin: Polk, St. Croix or Pierce Counties on an acre.
COUNSELOR:
Coralee Quintana
eXp Realty, LLC
One Sun Plaza Suite 650
Albuquerque, , 87109
Phone: 5056391266