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Address is 1605 W Market Street Silver City, NM 88061

William Sires

Global Services Group

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Stage Stop Mobile Home Park

Multi Family Housing for Sale in Silver City, New Mexico

1605 W Market Street
Silver City, NM 88061

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Sale Price: $900,000

Contact Information

William Sires
Global Services Group

Mobile Home Park for Sale

Number of MH Lots: 38
Size: 6.5 acre(s)
Purchase Method: Cash, Seller Financing
Status: Active
Property ID: 843050
Posted on: Aug 09, 2017
Updated on: Aug 29, 2017
Price: $900,000

Property Description

38-Space Mobile Home Park, located within walking distance of Western New Mexico University, there are 31 Single wide Park owned Homes with rents ranging from $500-$700 a month and Space rents of $215 a month. the park is currently full other than 3 spaces open for rent with Tremendous upside. A potential $26,700 gross income per month.. the Park has an onsite 900sq foot cinder block office with two garage bays for park equipment / and park Material storage. The park has all City Utilities with each space having independent power meters, most of the yards are fenced with large trees and asphalt roadways with a small community park. Seller Terms Available with $400,000 dn on this Money Maker with Great upside in rents and Occupancy,

Will Owner Finance . $400k down, 5% , 10 year balloon note. $5,500 a month payment

Location Description

Park is within walking distance of a University and Old Down Town Silver City

Park Information

Number of MH Lots:38
Total Occupancy:90.0%
Year Built:1975
Average MH Lot Rent: $215
Size:6.5 acre(s)

Financial Information

Gross Income$206,000
Operating Expense$33,000
Net Operating Income$168,000
Expense Ratio 16.0%
Debt Info

Utility Information


Park-Owned Homes

Number of Park-owned Homes:31
Average Rent for Park-owned Homes: $600

Zip codes in Silver City, NM

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