Brokers:

Address: 112 Camino de la Merced & 1018 Reed Street, Taos, NM 87571

Property Status: Active

Sale Pricing: $1,370,000

Property Information:

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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Property Brochure