Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 7.1%
  • Listing ID: 389944
  • Posted On: Jul 29, 2013
  • Updated On: Feb 14, 2017

Description

Located in the resort mountain community of Tao, New Mexico, this 32 unit property is located in the heart of the community off of the main street (Paseo Del Sur) and adjacent to Super Walmart (largest employer in city). Property is self managed with the help of onsite resident, owner is out of state and wishes to find something closer to his Northern California home.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 32
Total Occupancy: 95.0 %
Year Built: 1975
Average MH Lot Rent: $365
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $141,600
Operating Expense: $23,792
Net Operating Income: $105,657
Expense Ratio: 16.8 %
Debt Info: 670000

Lot Information

Singlewide Lots: 32

Utility Information

Water: Well
Water Paid By: Tenant - Individual Service
Sewer: City