TITLE:
220 ACRES IN MCINTOSH NM
CONTROL:
Owner
VALUE:
$330,000
LOAN:
$0
EQUITY:
$330,000
TYPE:
Land
HAVE:
220 Acres in McIntosh, NM.
ADDRESS:
0 Clements Rd, McIntosh, New Mexico
BENEFITS TO NEW OWNER:
Development Upside.
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$1,500
NOI:
$-1,500
DEBT SERVICE:
$0
CASH FLOW:
$-1,500
CAP RATE:
0.00%
BENEFITS SOUGHT:
Cashflow, Leverage into Larger Property, Path to Cash
CAN ADD:
Property, Professional Services, Cash
REMARKS:
I would JV with the right developer/builder. Homes will sell but the market for land is soft. This land needs to be someone's project who will be on top of it.
COUNSELOR:
Blake Allen
Allen Realty
108 Canon Ave
Manitou Springs, Colorado, 80829
