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MHP/MHC

New Mexico, USA

$4,500,000

NM / West TX Portfolio

Property Description

The Ruidoso, New Mexico Portfolio boasts 147 home sites with a mix of 46% MH and 54% RV. The two properties are located just 1 minute down the street from each other, making management seamless across the portfolio. Both properties offer upside in both rental rate and occupancy, and have been maintained to a high standard by current ownership. Both properties are right along US-HWY 70 and offer easy access to the local ski mountain. Both properties are serviced by City Water/Sewer and Trash, which is included in the lot rent at both communities.

Investment Highlights

  • 8.75% Cap Rate

  • Immediate scale at 147 sites

  • Rental and Infill Upside

Listed By

Joel Sachs

Joel Sachs

Director, MHC

(602) 830-0952

(505) 379-2792

Contact Agent

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