638 E Therma

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638 E Therma

Eagle Nest, NM 87558
Asking Price
$540K
Asset Type
Commercial Land
Class
Class B

What's Special

Eagle Nest NM, 7 Acres on 4 Separate Lots, General Commercial, Commercial Water Rights <ul><li>​Four parcels at the corner of Therma and Teddy Bear</li><li>​Direct Highway 64 frontage</li><li>​PREPAID SEWER AND WATER TAPS INCLUDING 2.6 ACRE FT OF COMMERCIAL WATER RIGHTS</li><li>​SW LOT HAS WATER AND SEWER TO LOT</li><li>​Three parcels are right around half an acre each</li><li>​Fourth parcel comes in just over 5.5 acres</li><li>​General commercial zoning flexible enough to allow residential construction</li><li>​Eagle Nest Lake is about a minute away</li><li>​Red River and Angel F

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NOI
$80,000
Cap Rate
14.81%
DSCR
2.50
Strong
Cash-on-Cash
29.59%
Monthly Payment
$2,671.625
Annual Cash Flow
$47,940.496

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