Leisure Mountain MH & RV Park - for Sale in Tijeras, New Mexico

768 State Hwy 333
Tijeras, NM 87059
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Sale Price: $925,000

Seller Information

Mark Perry
Route66 Park, LLC

Mobile Home Park for Sale

Number of MH Lots: 40
Size: 12 acre(s)
Cap Rate: 8.0%
Purchase Method: Seller Financing, Assumable Loan
Status: Active
Property ID: 115995
Posted on: Feb 16, 2012
Updated on: Feb 16, 2012
Price: $925,000

Property Description

74-Space All-age MH & RV Park. Amenities include a newly remodeled clubhouse, game room with pool table & TV, park office, full laundry room (w/WEB leased machines), restrooms/showers, an attractive common area, natural mountain landscaping and a high-speed WIFI Internet System (park owned).

Recent upgrades include: remodeled office, restroom-showers & game room, new well, upgraded chromoglass (septic) system, new fencing, new stone work, including rock entrance, rock pillars, rock walls, new sidewalks, new signage and more.

RV section is “terraced” and backs the National Forest. Park has almost 360 degrees of beautiful mountain views. Yet it is only 9 miles (10 minutes) to Albuquerque and 45 minutes to Santa Fe, NM!! Most RV spaces have 50 amp service. MH section has mostly 50 amp service with some upgraded 100 & 200 electrical sites.

3-4 local dealers are currently bringing in Brand NEW manufactured homes replacing older single wides with new or newer single & double homes. New & late model homes have been coming into park at a rate of one (1) per month.

Seller may carry financing (or assume existing) with $225K Down!! Huge upside in filling vacant home sites!! Call or email for more information.

Location Description

Located in Tijeras (9 mi. east of Albuquerque). Off the I-40 fwy and Zuzax exit (178). Go west on Route66 one mile and we are on the left (south) side of the street.

Park Information

Number of MH Lots:40
Total Occupancy:75.0%
Year Built:1975
Average MH Lot Rent: $350
Size:12.0 acre(s)

Financial Information (Actual)

Gross Income$149
Operating Expense$77
Net Operating Income$72
Expense Ratio 51.7%
Debt InfoExisting $595K 1st TD

Lot Information

Singlewide Lots:20
Doublewide Lots:20
Triplewide Lots:0
Park Model Lots:0

RV Information

Number of RV Lots:34
Average RV Lot Rent: $325

Utility Information

Water:Well
Water Paid By: Park
Sewer:Septic

Park-Owned Homes

Number of Park-owned Homes:1
Average Rent for Park-owned Homes: $800

Amenities and Other

Laundromat: Yes
Club House: Yes
Storage: Yes
Handicap Accessible: Yes