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For sale
  • $295,000

    1301 Sanchez Ln, Bloomfield, NM 87413

    --beds
    0baths
    --sqft
    : 
    Mobile Home Park
    Built in ----
    -- sqft lot
    $281,000 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.
    27 days
    on Zillow
    |
    139
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 19, 2025 at 03:12am

    Listed by:

    Brett Rosenbaugh 970-946-7079,

    R1 New Mexico Farmington 505-326-0110

    Source: SJCMLS,MLS#: 25-906MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1301 Sanchez Ln.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Interior area
    • Total structure area: 0
    • Living area range: 3501 or More Square Feet

    Property

    Lot
    • Size: 1.65 Acres
    Details
    • Zoning description: Multi-Fam Med Dens

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mobile Home Park
    Condition
    • 51 or more Years,Fair
    • New construction: No

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Bloomfield

    Financial & listing details

    • Annual tax amount: $2,907
    • Date on market: 7/11/2025
    • Lease term: Month To Month
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