TITLE:
202, 216-218, 300 California Street, Socorro NM
CONTROL:
Owner
VALUE:
$700,000
LOAN:
$0
EQUITY:
$700,000
TYPE:
Retail/Commercial
HAVE:
Prime commercial location with 3 buildings and 2.319 acres - California Street frontage of 318.50 feet.
ADDRESS:
202, 216-218, 300 California Street, Socorro, New Mexico
BENEFITS TO NEW OWNER:
Prime location, income producing properties with large vacant lot for additional buildings
OTHER FILES:
GROSS SCHEDULED INCOME:
$64,800 Actual
VACANCY LOSS:
$4,536
GROSS EFFECTIVE INCOME:
$60,264
EXPENSES:
$5,184
NOI:
$55,080
DEBT SERVICE:
$0
CASH FLOW:
$55,080
CAP RATE:
7.87%
BENEFITS SOUGHT:
Would do 1031 Exchange for mailbox money
CAN ADD:
Other income properties on RECs
COUNSELOR:
Laura Tacker
Southwest Realty
8100 Wyoming NE #414-M4
Albuquerque, New Mexico, 87113
Phone: 505-480-4848
Email laurasellsnm@gmail.com
