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4100 South Main Street
Roswell, NM 88203
Asking Price
$525K
Asset Type
Land
Class
Class B
What's Special
New Listing | 45 units | Infill opportunity <p>The MHP Value Team is pleased to offer for sale a 4.46- acre redevelopment opportunity located in Roswell, New Mexico, formerly operated as a mobile home park dating back to 1967.</p><p></p><p>The property is currently vacant and will require new infrastructure, including sewer installation, but can be connected to city water and sewer. The site also includes a decommissioned well that may be brought back into service. Local zoning and planning have expressed strong support for redevelopment,
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NOI
$80,000
Cap Rate
15.24%
DSCR
2.57
Strong
Cash-on-Cash
31.00%
Monthly Payment
$2,597.414
Annual Cash Flow
$48,831.037
