Leisure Mountain MH & RV Park - for Sale in Tijeras, New Mexico
768 State Hwy 333
Tijeras, NM 87059
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Seller Information
Mark PerryRoute66 Park, LLC
Mobile Home Park for Sale |
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| 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 Info | Existing $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 |
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