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Listed by Berkshire Hathaway Home Services New Mexico Properties - Abq
$ 1,300,000
Est. payment /mo
Active
1 Sams Place Pave La Luz, NM 88337
3.46 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Unit Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20255775
HOA Y/N No
Year Built 1950
Annual Tax Amount $1,000
Lot Size 3.460 Acres
Acres 3.46
Property Sub-Type Multi-Unit Residential
Source NMMLS
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
Exterior
Utilities Available Cable Connected, Natural Gas Connected
View Y/N false
Private Pool No
Others
Tax ID 01O4056089021342