Listed by Team Juan Uribe
$650,000
872 State Line Dr, Chaparral, NM 88081-7538
Details
Property Type Land, Mobile Home Park
Sub Type Residential, Commercial
Cap Rate 12.00%
Occupancy 100%
Year Built 1970
Buildings 7
Acreage 1.590
Zoning No Zoning
Land | 1.59 acres
Marketing description
Great investment opportunity in beautiful Otero County! This mobile home park features 5 fully rented trailers, generating a stable income of $42,600 annually. With the potential to add 5 more spaces at $400 per month, there’s room for significant growth and increased revenue.
The property benefits from no zoning restrictions, offering flexibility and ease for future development. Whether you're looking to expand or enjoy the consistent cash flow, this is a prime opportunity to own a mobile home park in a desirable location.
Investment highlights
Key Features:
5 trailers currently generating $42,600 annually
Potential to add 5 more spaces, increasing income by $24,000 annually
No zoning restrictions in Otero County
Prime location for future growth
Listing Contacts
Listed by Team Juan Uribe
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