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$ 1,300,000
Est. payment /mo
New
10 Sams Place Road La Luz, NM 88337
UPDATED:
Key Details
Property Type Mobile Home, Commercial
Sub Type Mobile Home Park
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20255775
Annual Tax Amount $1,000
Tax Year 2024
Property Sub-Type Mobile Home Park
Property Description
Incredible VALUE ADD Investment opportunity in the heart of La Luz, New Mexico! This one enjoys an approximate Cap Rate over 6%. This 18-space mobile home park sits on 3.66 acres, offering steady income potential and long-term growth. With ample space and infrastructure for 3-4 Additional Homes, the property provides tenants with a comfortable setting while giving an investor room to maximize returns. Located just minutes from Alamogordo, the park benefits from convenient access to schools, shopping, and local amenities, while still enjoying the quiet charm of La Luz. The 3.66-acre parcel allows for flexible management and potential future improvements. Whether you're looking to expand your investment portfolio or enter the manufactured housing market, this property presents a solid opportunity in a desirable Southern New Mexico location.
Location
State NM
County Otero County
Area New Mexico Mls
Interior
Inclusions Land, Other
Exterior
Garage Spaces 30.0
Utilities Available Natural Gas, Sewer, Water-City, Cable
Building
Structure Type Siding,Crawlspace
Listed by BERKSHIRE HATHAWAY HOME SERVICES NEW MEXICO PROPERTIES - ABQ
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