Torrance County, NM 40 ac.s – Partner or Assignment

This project has already been successfully funded. New opportunities are added regularly.

Property Details

  • Time to Build
    na
  • State
    NM
  • County
    Torrance
  • City
    Cedarvale
  • GPS
    34.2996441090542,-105.695469121211
  • Curent Zoning
    Land Use: 400
  • General Elevation
    6582
  • Taxes
    $566.94
  • Conveyance
    Warranty Deed
  • Sewer
    Most Likely Septic
  • Parcel Size (in acres)
    41.33
  • Zip
    87009
  • Title Info
    PF shows Phillip & Karla Porter but 2018 sale to Paul & Marcia Waro
  • Access
    Road
  • Terrain
    Flat
  • HOA Fees
    $200/year +/-
  • Power
    Possibly at property line
  • Water
    Probably well - homes in area
  • Phone
    Unknown

Transaction Details

Total Transaction Purchase Price (including closing costs): $16,000 +/-
Anticipated Sale Price: $28,000 +/-
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 60-90 days
Escrow or Notary Acquisition? Escrow
Escrow or Notary Sale? Escrow
Percent of Funding from Partner Required: 100 if partnered%
Equity Partner Profit Split: 50 if partnered%
Anticipated Budget: $28,000 - 16000 = 12000. EP= 18,000, PP = 6000 (Assignment obviously less than that for PP)
Miscellaneous Option 1: Assignment fee is negotiable.

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