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| | Presented By The Western - Damaris | 
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Income Property on US Hwy 60
Property Type: Residential Income - House(s)
Last Updated: 5/23/2010 11:35:16 AM EST
Property # 21220
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Location:
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U.S. Hwy 60
Socorro County, New Mexico 87801 USA
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View Address On Mapquest
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Value:
Loans:
Equity:
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$950,000
$0
$950,000
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Property Description:
INCOME PROPERTY 6-Commercial/apts + 14 spaces RV/Mobilehome-Park (full hookups)+ Renovated Adobe house + Single-wide mobilehome rental. Some owner financing available. Call 575.854.241
Benefits to New Owner:
Growing community with friendly folks and the potential for growth is limitless. Property on main US Hwy 60, most furniture stays-GREAT turn-key opportunity Call 575.854.2417 for website + more info
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Unit Mix
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| # Units |
1 |
Bed/Bath |
3/1.5 |
Approx. Sq. Ft. |
1700 |
Avg. Rent/mo. |
$700 |
| # Units |
6 |
Bed/Bath |
0/6 |
Approx. Sq. Ft. |
400 |
Avg. Rent/mo. |
$2,400 |
| # Units |
1 |
Bed/Bath |
1/1 |
Approx. Sq. Ft. |
600 |
Avg. Rent/mo. |
$500 |
| # Units |
14 |
Bed/Bath |
0/RV |
Approx. Sq. Ft. |
0 |
Avg. Rent/mo. |
$400 |
| TOTALS |
22 |
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Annual Income & Expense
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| | Per/Year | % of G.I. | Projected/Year | | Gross Schedule Income | $80,000 | 100% | $107,000 | | Less Vacancy (-) | $9,000 | 11% | $200 | | Other Income (+) | $0 | 0% | | | Gross Operating Income | $71,000 | 100% | $106,800 | | Operating Expenses (-) | $20,000 | 25% | $20,000 | | Net Operating Income (=) | $51,000 | 64% | $86,800 | | Loan Payments (-) | $0 | 0% | | | CASH FLOW (=) | $51,000 | 64% | $86,800 | | Capitalization Rate | 5.37% | | 9.14% | | Lot Size | 7 + Lots | | Zoning | Variable | | Yr. Built | 1920-10' |
| Additional Income & Expense Comments | | Add $$ by adding back-in Bed & Breakfast Svcs. Zoned for commercial uses, and/or short-long term housing, art-gallery, Zoning allows changes and Dev. Illness forces sell. Unable to open for 12-mo. |
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Loans
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| | No information found. |
| Loan Comments | | No loans/liens. Property is free and clear-MUST SELL/exchange due to illness. Owners have not been able to operate business year-round due to illness. Owners financing available. |
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Additional Information Available Upon Request
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| No Appraisal available at this time | Maps: Area & Plat
Title Report
Photographs
Notes & Trust Deeds
Financial Statements
Inventory List
Permits and Licenses | | Other: Turn Key Operation |
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Can Adds
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| | No Can Add information found. |
Click to view Other Parties who have offered to trade for this property.Click to view Other parties that may want what you have based on a computer match from the property records data
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Owner's Profile
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| Occupation Owner Name Damaris | | Why Owner No Longer Wishes to Own This Property | | Reduce time and management of property |
| Owner Comments and Benefits desired from Exchange | | Anywhere in USA - Prefer income generating properties: houses, apartments, duplex/triplex, etc. NO FIXERS. Will trade down/up. VERY MOTIVATED! Tell me what ya got. |
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Will Consider Exchanging For
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Commercial: Shopping Center
Industrial: Other
Residential Income: Apartments, Condo(s), House(s), Vacant, Other
Land: Other
Mobile Home Park: Family, Senior, Trailer / RV, Other
Personal Property: Cash, Notes / Paper, Barter Currency, Airplane, Automobile, Boat / Yacht, Gem Stones, Insurance/Viaticals, Services, Stocks, Other
Business Opportunities: Other
Owner Occupied: Condominium, Duplex, House, Mobile Home, Other
Services Offered: Other
U.S. Locations
| Map | States/Regions: California
Regions: 'SOUTHWEST'Non U.S. Locations
Other |  |
| Owner Will Exchange for Additional Comments | | Illness forces sell. Prefer a warmer climate (California Puerto Rico), but open to all options throughout USA. Prefer free & clear income property (apartments/multiple houses)in good condition. |
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Property Represented By
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| Name Damaris Location Magdalena, New MexicoSend a message and your property page to Damaris.Or, Send a message without your property page. |
| Property Represented By Comments | | Serious inquiries only! No agents! Will consider properties in (warm climates)if you have a good match call us at 575.854.2417, additional info, website/pics will be provided. Will consider all offers |
REE.com Inc. has not verified the above property information and therefore does
not guarantee or warranty any information contained herein.
It is your responsibility to seek independent assistance for legal, tax, financial
and physical inspections. All information submitted is subject to errors, omissions,
change of price/value, withdrawal and to any special listing conditions
imposed by the principals.
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