Lot Sale Pending near San Juan River
This 6-space mobile home park offers cash flow and long-term upside with a 8.9% cap rate, and 9% Cash on Cash Return, based on 30% down. Property features a blend of 1 park-owned and 5 tenant-owned homes, providing a balanced mix of income stability and lower maintenance demands. Homes are connected to city utilities, with each unit on separate propane. Water & Electric is currently paid by the landlord, allowing flexibility for future expense adjustments.The park includes irrigation rights, mature trees, and a well-organized layout that enhances tenant appeal. A major operational asset is the reliable on-site maintenance person, who brings consistency and responsiveness to property maintenance. Located in a market with steady demand for affordable housing, this park presents an immediate cash-flowing investment with potential for value-add strategies through rent optimization or infill opportunities.Financials and rent roll available with NDA.Property Details
- Location: San Juan River
- County: San Juan County
- MLS #: 25-906
Location
| Click on map to activate | |
|
|
| (Open in Google Maps) (Bing Map)  (Mapquest Map) |
Contact Information:
|
||
|
Listing Agent: Brett Rosenbaugh, R1 New Mexico Farmington, 970-946-7079, 505-326-0110 Listing Site, Listing Status: Pending
Copyright © 2025 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
|
||
Ad Statistics:
| Ad Number : | 6916221 |
| Viewed: | 24 times |
| Added: | Jul 11, 2025 |
| Updated on: | Jul 11, 2025 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
