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$1,450,000

Pending

8 months ago

MLS® 25-905

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $14,290
Lot Size 
Approx. Age 
MLS® Number 25-905

Property Address: 1310 Sanchez Ln, Bloomfield, NM, 87413-9790

Average square foot calculated using Size range provided by listing agent.

Description

Investor opportunity in Bloomfield, New Mexico -- this 29-space mobile home park offers strong cash flow and long-term upside with a 11.5% cap rate, and 18.6% Cash on Cash Return, based on 30% down. Property has a blend of 18 park-owned and 11 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.The owner's ongoing upgrades and renovations to all park-owned homes 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.Financials and rent roll available with NDA.Financing is available with 20% Down at local bank.
MLS® Number25-905
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

Jul 10, 2025List Date
$1,450,000List Price
  • Commute

Commute

Starting Address
Destination Address
1310 Sanchez Ln, Bloomfield, NM

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