Christopher Vellanti
Listed by Christopher Vellanti
$2,250,000
RV Park in SouthEast New Mexico
Details
APN 11O4083096105082
Property Type Multifamily
Square Footage 1,152
Units 84
Cap Rate 9.00%
NOI $195,000
Year Built 1995
Buildings 4
Stories 1
Lot Size (SqFt) 634,541
Sale Condition For sale by owner
Majestic
Marketing description
Multifamily • 1 Unit • 12/06/2022
Investment highlights
Simply majestic! Really nice RV park at elevation 7k feet with river running through back of property. $235k gross and open six months a year. Park could stay open year-round if new owner wanted. Perfect for onsite owner operator with a nice park model. There are 84 lots total. It's 45 minutes to the beautiful Apache Mescalero casino and golf course. The spectacular Inn of the Mountain Gods and Ruidoso are also 45 minutes away. Alamogordo and Holloman AFB are thirty minutes away. Well with two new pumps and septic tanks. Most days are dry, sunny and 75 degrees. Plenty of Elk, deer and turkeys. Owner would consider half down three-year balloon. Have a great day!
Listing Contacts
Christopher Vellanti
Listed by Christopher Vellanti
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$195,000.00
$16,250.00/mo
Valuation Metrics
0
DSCR
8.67%
Cap Rate
8.67%
ROI
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