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$ 1,600,000
Est. payment | /mo
$ 1,600,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Mobile Home Park
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26-37
Property Sub-Type Mobile Home Park
Property Description
Turnkey RV & Mobile Home Park Investment in Kirtland, NM - 9% Cap Rate & Strong Cash FlowRare opportunity to own a well-performing RV and mobile home park in Kirtland, New Mexico. This property offers stable income, reliable occupancy, and significant upside through rent adjustments.Property Features:30 RV spaces - consistently near full, with only 1-2 vacancies monthly. Two sites currently occupied by a park-owned mobile home ($800/month).20 single-wide mobile home lots - stable, with no vacancies or evictions in over a year.7 manufactured homes - including one double-wide, renting at market-friendly rates.2 site-built houses - both well-maintained; estimated rental value $1,100-$1,200/month each.Financials (2024):Rental Income: $263,191.70Operating Expenses: $116,579.82Capital Expenditures: $18,107.98Net Operating Income: $146,611.88Asking Price: $1,600,000Cap Rate: 9.16% (8.03% net of CapEx)Cash-on-Cash Return (25% Down): 36.65%Upside Potential: Current lot rents are below market at $290-$330/month. Nearby parks charge $380-$450/month for smaller spaces with full hookups. Adjusting to market rents presents immediate revenue growth.Occupancy Stability:Mobile home side - no turnover in the past year.RV park - steady demand with ≈3 monthly turnovers but consistently full.Why Invest Here:✔ Diverse income from RV spaces, manufactured homes, and two site-built houses✔ Consistent occupancy with reliable long-term tenants✔ Strong returns and immediate rent growth opportunity✔ Turnkey operation with clear financial recordsThis cash-flowing RV and mobile home park in San Juan County, NM combines stability with upside--perfect for investors seeking both immediate returns and long-term growth.📍 Call today to request full financials or schedule a private tour.
Location
State NM
County San Juan
Zoning Other - See Remarks
Interior
Heating Forced Air, Natural Gas
Cooling Evaporative Cooling
Building
Story One
Sewer City Sewer
Schools
Elementary Schools Kirtland Schools
Middle Schools Kirtland Schools
High Schools Kirtland Schools
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150 Washington Ave, Ste 201, Santa Fe, New Mexico, 87501, USA