Investment Opportunity: Established Mobile Home Park

Description

Unlock the potential of real estate investment with this established mobile home park nestled in the heart of Estancia, NM. Situated in Torrance County, this income-producing property offers convenient access to Hwy 41 and St Hwy 55, making it an ideal location for residents seeking easy commutes to Albuquerque and Santa Fe, both just over an hour’s drive away.

Featuring spots for 5 manufactured single-wide units, this property presents a lucrative opportunity to provide essential housing solutions for single families in the area. Currently, 3 units are leased, one unit is undergoing rehabilitation, and one is available for further utilization.

The property boasts recent upgrades implemented by the prior owner, including new roofing for two of the units, hard surface flooring in high-traffic areas such as kitchens and baths, and updated electrical systems in both the rehabilitated unit and one other.

Of the three finished units, two are fully rented at current market rates, while one unit presents potential for rent increase to match prevailing market standards. Additionally, two of the units are equipped with stove, refrigerator, and washer and dryer appliances, while tenants in one unit have provided their own appliances.

All units are furnished with central heating and evaporative cooling systems, ensuring comfortable living conditions throughout the year. Tenants are responsible for gas and electric utilities, offering a hassle-free management experience for the property owner.

Don’t miss out on this exceptional investment opportunity in Estancia, NM. Take the next step towards building your real estate portfolio and schedule a viewing today!