Photo of Mobile Home Park

Mobile Home Park Details

Purchase Method: Cash, New Loan
Cap Rate: 8.3%
Listing ID: 547252
Posted On: Jul 13, 2015
Updated On: Oct 25, 2015

Description

74-Space MH & RV Park, located just 10 min. from Albuquerque (and 25 min. from Santa Fe)!! Clubhouse, Office, Rec Room w/Pool Table, Laundry, Restrooms/Showers & More!! Beautiful park in excellent condition. HUGE UPSIDE in filling five (5) vacant MH lots and an additional seven (7) sites w/o utilities. Only one (1) park-owned MH (mgr), otherwise ALL are "tenant owned" units, no rentals. Gorgeous park with HUGE UPSIDE!!

Just off I-40 (Exit 178 "Zuzax") on south side of "Route 66 Hwy" (NM 333). one mile west of Zuzax exit on south side of Route 66.

Amenities

Laundromat
Storage
Club House

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

Get Financing

Park Information

Community Type:	All Age
Number of MH Lots:	74
Total Occupancy:	80.0 %
Year Built:	1972
Average MH Lot Rent:	$325
Size:	12 acre(s)

Financial Information (Actual)

Gross Income:	$219,587
Operating Expense:	$112,794
Net Operating Income:	$106,793
Expense Ratio:	51.4 %
Debt Info:	New Loan Amt $895K (w/$400K Dn)

Lot Information

Singlewide Lots:	34
Doublewide Lots:	40

RV Information

Number of RV Lots:	34
Average RV Lot Rent:	$350

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:	$650

Similar Mobile Home Parks for Sale

$1,150,000

Featured

6.2 AC site zoned for a Mobile Home Park

10205 Central Avenue Northwest, Albuquerque, NM 87121

Tijeras MH & RV Park 768 Nm 333, Tijeras, NM 87059

Expired