This 6-space mobile home park offers cash flow and long-term upside with a 8.9% cap rate, and 9% Cash on Cash Return, based on 30% down. Property features a blend of 1 park-owned and 5 tenant-owned homes, providing a balanced mix of income stability and lower maintenance demands. Homes are connected to city utilities, with each unit on separate propane. Water & Electric is currently paid by the landlord, allowing flexibility for future expense adjustments. The park includes irrigation rights, mature trees, and a well-organized layout that enhances tenant appeal. A major operational asset is the reliable on-site maintenance person, who brings consistency and responsiveness to property maintenance. Located in a market with steady demand for affordable housing, this park presents an immediate cash-flowing investment with potential for value-add strategies through rent optimization or infill opportunities. Financials and rent roll available with NDA.
| Date | Event | Price | $/Sqft | Source |
|---|---|---|---|---|
| Listed For Sale MultiFamily | $295,000 | R1 New Mexico Farmington |
| Year | Annual Amount | Description |
|---|---|---|
| $0 | 'BEG WEST 1099.72 FT FROM E1/4 CORNER OF SEC 28 29 11. THENCE WEST 216.71 FT SOUTH 332.60 FT N75-42E 268.38 FT N09-14-4 |
Elementary School Blanco Elementary | 1.1 miles away | PK - 06 | |
Elementary School Central Primary | 1.3 miles away | 01 - 03 | |
Junior High School Mesa Alta Junior High | 1.4 miles away | 07 - 08 |