Sunstone proudly presents an exclusive opportunity to acquire a 2 park portfolio consisting of 130 sites located in the city of Carlsbad, New Mexico. These two parks are within a mile of one another allowing for seamless ease in management. The historically high occupancy rate of these parks (currently 98.5%) offers a proven track record of stability and robust cash flow. Furthermore, there’s a value-add opportunity in getting lot rents up to market as well as recapturing water/sewer/trash expenses. Carlsbad represents one of the fastest growth rate areas in New Mexico at 15.8%; coupled with a multifamily vacancy rate of < 5%, the housing market is thriving.