Property Details

TITLE:
Entitled Boat and RV Storage Site
CONTROL:
Owner
VALUE:
$595,000
LOAN:
$255,000
EQUITY:
$340,000
TYPE:
Land
HAVE:
This is an entitled boat and RV development site. Just under 4 acres with entitlements and approved site plan with special use permit. Access in place with existing state highway permit, curb cut, paved drive, and monument sign permit.
ADDRESS:
Coors Blvd SW and Arenal SW, Albuquerque, New Mexico
BENEFITS TO NEW OWNER:
2022 traffic study has 20,000 cars pass per day More than 4,000 homes in a 1 mile radius More than 37,800 homes in a 3 mile radius Most newer surrounding areas do not for boat or rv storage 97 total units
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$0
NOI:
$0
DEBT SERVICE:
$15,000
CASH FLOW:
$-15,000
CAP RATE:
0.00%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$255,000
$0
6%
12/31/1969
Yes
REMARKS:
Projected Construction Cost: $400k Projected NOI (once full): $140k
COUNSELOR:
William Beveridge
Bevlaurent Development
PO Box 14349
Austin, Texas, 78761
Cell: 512-689-3056