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Listed by Brett Rosenbaugh R1 New Mexico Farmington
$ 1,600,000
Est. payment | /mo
$ 1,600,000
Est. payment | /mo
Key Details
Property Type Mobile Home
Sub Type Mobile Home Park
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 25-904
Property Sub-Type Mobile Home Park
Source San Juan County Board of REALTORS®
Property Description
Investor opportunity in Bloomfield, New Mexico — this 35-space mobile home park offers strong cash flow and long-term upside with a 12% cap rate, and 15% Cash on Cash Return, based on 30% down. Property sits on 2 parcels, and features a blend of 19 park-owned and 16 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 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.
The owner's takes pride in the ongoing upgrades and renovations to all park-owned homes which have enhanced the overall quality and appeal of the community. These improvements help increase demand from prospective residents, contributing to strong occupancy rates and long-term stability for the park.
Financing is available with 20% Down at local bank.
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.
The owner's takes pride in the ongoing upgrades and renovations to all park-owned homes which have enhanced the overall quality and appeal of the community. These improvements help increase demand from prospective residents, contributing to strong occupancy rates and long-term stability for the park.
Financing is available with 20% Down at local bank.
Location
State NM
County San Juan
Area Bloomfield
Direction {\"Directions to Prprty\":true}
Exterior
Garage No
Building
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Others
Pets Allowed No
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150 Washington Ave, Ste 201, Santa Fe, New Mexico, 87501, USA