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$295,000
Est. payment /mo
Price Dropped by $30K
1301 SANCHEZ Bloomfield, NM 87413
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Key Details
Property Type Multi-Family
Sub Type Mobile Home Park
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25-906
Acres 1.65
Property Sub-Type Mobile Home Park
Property Description
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.
Location
State NM
County San Juan
Zoning Multi-Fam Med Dens
Building
Sewer City Sewer, City Water
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