Mobile Home Park in Picturesque Taos

For Sale

 

Location Map
  • Brokers:
    Name
    Alfredo Barrenechea
    Email
    alfredo@go-absolute.net
    Phone
    505-401-0135
  • Address: 112 Camino de la Merced & 1018 Reed Street, Taos, NM 87571
  • Property Status: Active
  • Sale Pricing: $1,370,000
  • Property Information:
    Cap Rate
    8.65%
    Size
    3.18 acres
    Property Type
    mobile home park
    Number of Spaces
    32
    Property Description:

    Absolute Investment Realty is pleased to present this rare opportunity to acquire a 32 unit, fully operating mobile home park in one of the most desirable trade areas in the southwestern, US. Located in the heart of Taos, NM, this cash-flowing investment opportunity is low maintenance with a long history of stable tenants. The property has minimal landlord responsibility, low maintenance costs and no amenities. The property also has value as a commercial site and could be redeveloped in the future: The land value alone is justified by the purchase price ($9.92/SF for 3.18 acres). As a fringe benefit, new owner can enjoy a vacation while visiting this asset: Taos is a world famous destination for tourists, artists, and celebrities and features some of the worlds best dining and sight-seeing. The buyer of this property has the opportunity to significantly increase NOI by billing back operating expenses.

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