Mobile Home Park

1. ​

   If you are a broker we are not offering co-brokerage at this time on this listing

2. ​

   Please visit https://yaleadvisors.​com/wp-content/uploads/2024/06/Teaser-04317253-1.​pdfh and fill out our NDA form so we can reach out to you

3. ​

   If you are a principal we do not do deal management out of Crexi and require you to fill out our standard NDA attached to the bottom of the flyer.​

Property Highlights

— Significant upside with lease-up potential and long-term stability

— Outsized effective gross income projected to rise from $199K to $316K in 5 years

— Advantageously located to meet New Mexico’s rising need for affordable housing

— Internal Rate of Return (IRR) is projected to achieve 27.1% by Year 5

— Single-family residence available immediately for on-site management or rental

Subject Property represents a rare opportunity to acquire a 3-star manufactured housing park that offers significant potential for rapid lease-up and long-term stability. Within a steadily expanding market, Carlsbad, NM is experiencing the fastest growth rate in New Mexico at 15.8% in 2023. Driven by economic drivers including oil and gas, potash mining, and nuclear storage, alongside a thriving tourism industry, Subject Property is an ideal investment. A 30-40 site + 1 SFR Park spanning 5 +/- acres positioned perfectly to benefit from increasing demand for affordable housing, quick tenant acquisitions, and long-term rental income growth. The owner has exclusively engaged Yale Advisors to solicit offers for Subject Property in Carlsbad, NM. The park’s current vacancy rate is 26.5%, presenting a substantial upside for leasing up the sites. The vacant single-family residence (SFR), is available immediately. Despite being a multi-park owner since the mid-1990s, the Californiabased owner has operated the park as a remote, passive investment, underscoring its ease of management and underestimated full value. The property’s expenses have been normalized to exclude owner-related expenditures, focusing only on standard park operations. It’s serviced with electricity by Excel Energy, septic system, and municipal water. The average home sales price in Carlsbad, NM is $310K, up 20% since last year. Two-bedroom apartments rent for $1,500 per month, showing the favorable economic conditions and ongoing growth in the area. The current seller also owns two other mobile home parks in Southern California, presenting an opportunity to acquire a larger portfolio of well-performing assets. All inquiries should be directed to Yale Advisors.