Commercial Property Owner Finance OK. Earn 15% ROI. Fully Leased for sale in Albuquerque, New Mexico

$350

FULLY LEASED WITH LONG TERM TENANTS.

Albuquerque New Mexico.
List prices of $350,000. Owner finance ok with significant money deposit.

This property consists of 3 addresses, 532, 534, and 536 Adams ST NE. Behind Dwight's glass and mirror on Lomas and Washington.
Complete square video footage is more than 7000 square feet. With sales cost of $350,000, that makes rate per square foot close to $50 per square foot.
Zoned C-2.
The home has a new rubber membrane roofing.
The property is 100 % leased with terrific renters.
The place consists of a huge mechanic shop, with 4 double depth bays, and a big dirt location behind it, 2 workplace places with their own services, and 7 storage systems in the back, each on their own lease, and one which is triple sized.
There is room for increase of earnings, if new owner wished to create triple net leases with the occupants, or do a slight bump in lease rate, as it is a little on the low side.

Month-to-month earnings.

536 Adams Mechanic bays with dirt lot= $1650.
534 Adams Office= $600.
532 Adams Office= $650.
Storage Units behind 532 Adams $125 x 6= $750.
Large Storage Unit behind 532 Adams= $250.

Total Monthly Income= $3900.

Expenditures.

Regular monthly Mortgage Payment (concept and Interest)= $1972.
YEARLY Property Tax= $4100 or MONTHLY= $341.
Annual Property Insurance = $1200 or MONTHLY= $100.

Overall Monthly Expenses= $2413.

Profit.

Income-Expense=Profit.
*** PROFIT.
*** $3900-$2413= $1487 per month + Principle on the home loan paid down monthly!

The Real Estate contract is excellent for 51/2 more years at a rate of 8 %.
With your $115,000 cash down, and profiting $1487 per month, you will certainly be earning around 15.5 % Return on your investment, plus any appreciation in the property! This is an incredible deal for the right investor, and I am pleased to answer any concerns you could have. Serious callers only!

Aaron.


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