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| | 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
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Location:
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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-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
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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 | $90,000 | 100% | $107,000 | | Less Vacancy (-) | $28,000 | 31% | $200 | | Other Income (+) | $0 | 0% | | | Gross Operating Income | $62,000 | 100% | $106,800 | | Operating Expenses (-) | $22,000 | 24% | $20,000 | | Net Operating Income (=) | $40,000 | 44% | $86,800 | | Loan Payments (-) | $0 | 0% | | | CASH FLOW (=) | $40,000 | 44% | $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 |
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Loans
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| | 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. |
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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
A/P and A/R | | Other: Turn Key Operation |
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Can Adds
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| | 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
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Owner's Profile
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| 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. |
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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
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. |
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Property Represented By
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| Click Here to contact the Owner or Agent representing this property. |
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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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