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20-Unit Apartments - Like New

Property Type: Residential Income - Apartments

Last Updated: 5/20/2010 4:04:08 PM EST
Property # 24299

Location:

Moriarty, New Mexico 87035 USA

View Address On Mapquest

Value:
Loans:
Equity:

$1,200,000
$750,000
$450,000

Property Description:
10 New Units 2008 10 Remodeled In 2005 on Site Manager Still gives a 8 CAP Always has 3-8 standby tenants on waiting list....basically no vacancy rate...used 2% in APOD
Benefits to New Owner:
8+CAP w/on site manager

Unit Mix
No information found.

Annual Income & Expense
	Per/Year	% of G.I.	Projected/Year
Gross Schedule Income	$0	0%
Less Vacancy (-)	$0	0%
Other Income (+)	$0	0%
Gross Operating Income	$0	100%
Operating Expenses (-)	$0	0%
Net Operating Income (=)	$0	0%
Loan Payments (-)	$0	0%
CASH FLOW (=)	$0	0%
Capitalization Rate	0.00%		0.00%
Lot Size
Zoning
Yr. Built

Loans

	Balance	Mo. Payment	% Rate	Year Due	Lender	Assumable
Loan #1:	$750,000	$0			Conventional	NO
TOTALS	$750,000	$0

Loan Comments

Seller Would Wrap For A Time

Additional Information Available Upon Request

No Appraisal available at this time

APOD & Financial Data

Can Adds

	Property Type	Value	Loans	Equity	Cash Flow (Yr.)
1	Residential Income/House(s)	$530,000	$330,000	$200,000	$0
2	Land/Subdivision	$932,000	$632,000	$300,000	$0
3	Land/Subdivision	$800,000	$250,000	$550,000	$0
	CAN-ADD TOTALS	$2,262,000	$1,212,000	$1,050,000	$0

Can Adds Comments

3 Rental Homes - Retns Cover Loans- Can Wrap two Residential Subdiv. Projects W/very Large Upsides

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 Builder/developer Name Please Sign In or Register to view owner information.
Why Owner No Longer Wishes to Own This Property
Want to raise cash from an exchange

Owner Comments and Benefits desired from Exchange

Need to get to cash for other projects waiting for development money

Will Consider Exchanging For

Commercial: Office
Industrial: Warehouse
Residential Income: Apartments, Condo(s), House(s), Vacant, Other
Land: Commercial, Farm / Ranch, Industrial, Leased, Mixed Use, Multifamily, Residential, Subdivision, Timberland, Other
Personal Property: Cash, Notes / Paper
Owner Occupied: Condominium, Duplex, House, Mobile Home, Other

U.S. Locations
Map
States/Regions: Colorado, New Mexico

Regions: 'SOUTHWEST'

Owner Will Exchange for Additional Comments
will take about $200k in most anything that is Free and clear that can be sold later...

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.