Property Details

TITLE:
SDC 54 Door Rental Package, mix
CONTROL:
Exclusive
VALUE:
$5,040,000
LOAN:
$0
EQUITY:
$5,040,000
TYPE:
Income Comb.
HAVE:
15 total properties, 1 (15 unit), 1 (14 unit), 1 (7 unit), 2 (4 unit), 9 single family homes , 1 DW mobile home
ADDRESS:
various, Socorro, New Mexico
BENEFITS TO NEW OWNER:
Properties are 100% Leased. This is a good mix of properties and housing inventory is very low in Socorro. The multi-family units are all conveniently located directly across from the NM Tech campus, student housing is in high demand.
GROSS SCHEDULED INCOME:
$377,820 Actual
VACANCY LOSS:
$7,500
GROSS EFFECTIVE INCOME:
$370,320
EXPENSES:
$97,293
NOI:
$273,027
DEBT SERVICE:
$0
CASH FLOW:
$273,027
CAP RATE:
5.42%
BENEFITS SOUGHT:
Client is looking to sell all properties as one package
CAN ADD:
Laundry Equipment
COUNSELOR:
Laura Tacker
Southwest Realty
8100 Wyoming NE #414-M4
Albuquerque, New Mexico, 87113
Phone: 505-480-4848