Contract assignment in New Mexico - 87 pads, city utilities, AWESOME SELLER TERMS


#1

Great park in New Mexico that can quickly become a cash cow. Grossing around $16,500 now and once its submetered and lot rents go up, your over $20K in gross rent

I have the P&L and rent rolls. Market lot rent is $200-$250. The asking price is $975,000 and it’s firm. Seller will hold a $700K note with $275,000 down at 5% over 30 years with a 10 year balloon. Your payment monthly will be $3,710.

Basic’s

87 pads

35 poh

15 vacant lots

7 vacant poh

No rv lots

7 rv’s on mh lots

65 paying tenants

Ave lot rent $169 - Raising lot rent will be easy since local rents are north of $200

Park pays city water & sewer - Submetering can save you $2,200 month in water.

Tenants pay nat gas, new lines installed by owner. He worked for gas company

Tenants pay own electric, except rv tenants reimburse owner

Small laundry room

Park has well and owner provides free water for all lots to water grass

Water & sewer line have been replaces with pvc

POH are older, 70’s-80’s

Alamogordo is going to be the new home of the largest commercial marijuana growing facility in the country.

This park seems to have some good upside with just raising rents and installing meters.

Let me know if you have any questions at all.

Dominic

586.524.8845


#2

@keithme not sure if this up your ally


#3

Keith call me at 586 524 8845

Dominic


#4

2 star? Paved roads? Send pictures


#5

Please call me. 305-394-3083