530 Utah St SE

Albuquerque, NM 87108 | 4.8 Acres

$2,749,000.00

Investment Property For Sale


Manzano Mobile Home Park | Strong Occupancy | City Utilities | In-Fill Location

Array

Investment Property For Sale

Price $2,749,000.00
Size 4.8 Acres

Benefits

Manzano Mobile Home Park
530 Utah St SE
Albuquerque, NM 87108

 

Offering Summary

Purchase Price: $2,749,000
Net Operating Income: $192,174
Cap Rate: 7.0%
Mobile Home Spaces: 62*
Apartment Units: 2**
Land Size: ±4.84 acres

*One vacant space

**One vacant unit

 

Investment Highlights

  • 62 mobile home spaces (all tenant-owned homes)*
    2 apartment units
    *One park-owned home which is currently offered for sale and is vacant
  • Strong historical occupancy
    – Minimal vacancy
  • Significant barriers to entry
  • Desirable in-fill location
    – Near the major thoroughfares of Wyoming Blvd & Central Ave
    – Located just north of Kirtland Air Force Base and Sandia National Labs
    – Nearby amenities including restaurants, shopping, and services
    – Numerous transit options
  • City utilities
    – Tenant responsible for gas and electricity (gas reimbursement)
  • Albuquerque is a strong market for growth

Location

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