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I am interested in the below property. Send them my property page Send Property
 Mobilehome/RV Park + Apts +Hse

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Property Type:  Residential Income - House(s)
Last Updated:  8/17/2009 2:35:15 PM EST
Property # 21220
Location:  Socorro County, New Mexico 87801 USA
View Address On Mapquest
           
Value: 
Loans: 
Equity: 
$950,000
$0
$950,000


Property Description:
INCOME PROPERTY 6-room motel/studio-apts+ 14 spaces RV/Mobilehome-Park (full hookups)+ adobe house (owner's residence)+ single-wide mobilehome rental. Some owner financing available. Call 575.854.2417
Benefits to New Owner:
Ever-growing community with friendly folks and the potential for growth is limitless. Property on main Hwy, most furniture stays-GREAT turn-key opportunity Call 575.854.2417 for website + more info
 Unit Mix
# 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            

 Annual Income & Expense
 Per/Year % of G.I. Projected/Year
Gross Schedule Income $90,000100%$107,000
Less Vacancy (-) $28,00031%$200
Other Income (+) $00%
Gross Operating Income $62,000100%$106,800
Operating Expenses (-) $22,00024%$20,000
Net Operating Income (=) $40,00044%$86,800
Loan Payments (-) $00%
CASH FLOW (=) $40,00044%$86,800
Capitalization Rate 4.21% 9.14%
Lot Size 7 + Lots
Zoning Variable
Yr. Built 1920-80'

Additional Income & Expense Comments
Additional Income+++ by adding back Bed & Breakfast Svcs. Add mobilehomes and park-models. Add restaurant/art-gallery. Area really needs Senior-housing. Zoning allows changes and future development

 Loans
No information found.

Loan Comments
No loans/liens. Owners owes free and clear-MUST SELL/exchange due to illness. Owners have not been able to operate business as usual due to medical treatments. Owners will carry with 50% cash down.

 Additional Information Available Upon Request
No Appraisal available at this time
Maps: Area & Plat
Title Report
Photographs
Notes & Trust Deeds
Financial Statements
Inventory List
Permits and Licenses
A/P and A/R
Other: Turn Key Operation

 Can Adds
No Can Add information found.

Click to view Other parties that may want what you have based on a computer match from the property records data

 Owner's Profile
Occupation  Owner Operated   Name  Please Sign In or Register to view owner information.

Why Owner No Longer Wishes to Own This Property
Property is now geographically uncomfortable

Owner Comments and Benefits desired from Exchange
Puerto Rico or anywhere - income property. Prefer, apartments/duplex/triplex etc. Turn-key only, NO FIXERS. Will trade down/up. VERY MOTIVATED! Tell me what ya got.

 Will Consider Exchanging For
Commercial: Shopping Center
Industrial: Other
Residential Income: Apartments, Condo(s), House(s), Vacant, Other
Land: Other
Mobile Home Park: Family
Personal Property: Cash
Business Opportunities: Other
Owner Occupied: Condominium, Duplex, House, Mobile Home, Other
Services Offered: Other

U.S. Locations
Map
States/Regions: Puerto Rico

Regions: 'SOUTHWEST'

Non U.S. Locations
Caribbean


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.

 Property Represented By

Click Here to contact the Owner or Agent representing this property.

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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