For sale
  • $295,000

    1301 Sanchez Ln, Bloomfield, NM 87413

    --beds
    0baths
    --sqft
    : 
    Mobile Home Park
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Irrigation rightsWell-organized layoutMature trees
    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.
    86 days
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