$1,200,000
1495 N Frontage, Socorro, NM 87801
Current Rent **
$10,000+
Projected Rent **
$10,000+
7 Bed Assisted Living / RV Park Development - Owner Finance
Owner Finance Available on this 13 Acre RV Park development site with 7 bed assisted living facility in tact. Addition revenue from 22 Acre feet of water rights coming.
Develop a much needed RV park for long term 55+ senior living right on the I25 Corridor north of Socorro, NM. Demand for affordable housing solutions in our 55+ community is growing. Many have approached the current owners about developing their land for RV use.
This property represents multiple opportunities for revenue on the same location. RV, Storage, Assisted Living, Equine Hotel/Therapy, etc. Let your imagination lead the way.
Owner financing terms: 15% down, 6% Interest Only payments for up to 7 years.
No Wholesale. Assisted Living operators needed to provide care for the existing residents. No Nursing is provided. The existing staff is happy to stay on to help run the facility. Seller will continue to help with the licensing process to ensure a smooth transition.
Location:
1495 N Frontage, Socorro, NM 87801
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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