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Active
MHP/MHC
New Mexico, USA
$5,925,000
NM / West TX Portfolio
Property Description
Jennifer Stein Real Estate, Inc. is pleased to showcase the rare opportunity to acquire three manufactured home / recreational vehicle communities in Ruidoso Downs & Silver City, NM totaling 217 pads. This portfolio provides a buyer with the opportunity to immediately improve value by increasing rents and filling vacant sites. The communities are all in quality condition and truly show pride of ownership. Lazy Dayz RV & MHP and Riverbend MHP consist of 147 sites - 67 MH, 79 RV, and 1 Stick-Built. Hillside Haven consists of 70 sites.
Investment Highlights
7.7% cap rate
217 Lots
Strong going in income
Upside on rents and infill
Strong local economy
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