100% Leased Mobile Home Park for Sale

For Sale

 

Location Map
  • Brokers:
    Name
    Tosh Hoshino
    Email
    tosh@go-absolute.net
    Phone
    5058030387
    Name
    Alfredo Barrenechea
    Email
    alfredo@go-absolute.net
    Phone
    505-401-0135
  • Address: 4200 Prospect Ave. NE, Albuquerque, NM 87110
  • Property Status: Closed
  • Sale Pricing: $915,000
  • Property Information:
    Cap Rate
    7.0
    Size
    1.325 acres
    Number of Spaces
    20
    Property Description:

    Absolute Investment Realty is the exclusive representative of 4200 Prospect Ave NE mobile home park. This is a rare opportunity to acquire a 20 unit, 100% leased, fully operating mobile home park centrally located in the heart of Albuquerque, NM’s near-north east heights neighborhood. Adding to the desirability of the location, the park is convenient to grocery stores (Wal-Mart, Whole Foods, Smiths), all major retailers, the states largest shopping malls, dining, and almost all other consumer services. The park is low maintenance and has no amenities for the landlord to keep-up. The new owner of this property has the opportunity to significantly increase NOI by billing back operating expenses resulting in an estimated potential cash on cash return of over 15%. Rent rolls and detailed financials available upon executed confidentiality agreement.

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