1 Thru 16 Sams CT, NM 88337
1 Thru 16 Sams CT, NM 88337
1 Thru 16 Sams CT, NM 88337
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Listed by Berkshire Hathaway NM Prop
$1,300,000
Est. payment /mo
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54 Beds
36 Baths
3.46 Acres Lot
Active

1 Thru 16 Sams CT NM 88337

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Brad Leigh Patton

Brad Leigh Patton

+1(505) 917-5133

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1092578

Bedrooms 54

Construction Status Resale

HOA Y/N No

Annual Tax Amount $1,000

Lot Size 3.460 Acres

Acres 3.46

Lot Dimensions Public Records

Property Sub-Type Other

Property Description

Incredible GROWING investment opportunity in the heart of La Luz, New Mexico! This property offers an approximate cap rate over 7% and features 29 total spaces with existing meter infrastructure. Currently, 20 spaces are occupied by manufactured homes all separately metered with 11 of those homes already rehabbed, providing immediate income with additional upside. The property is also being improved monthly, with the current owner rehabbing one home every 30 days, increasing gross annual income by over $7,000 every 30 days. Situated on 3.46 acres, tenants enjoy a comfortable setting with convenient access to nearby Alamogordo's schools, shopping, and amenities, while still benefiting from the quiet charm of La Luz. With flexible management potential and room for future improvements, this

Location

State NM

County Otero

Area 550 - Otero

Interior

Heating Central, Forced Air

Cooling Evaporative Cooling

Flooring See Remarks

Fireplace No

Appliance Dishwasher, Free-Standing Electric Range, Refrigerator

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Available, Water Connected

Water Access Desc Community/Coop

Building

Story 1

Entry Level One

Water Community/ Coop

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 01O4056089021342

Acceptable Financing Cash, Conventional

Green/Energy Cert None

Listing Terms Cash, Conventional

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

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Brad Leigh Patton

Brad Leigh Patton

Broker Associate | License ID: 52414

+1(505) 917-5133

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1 Thru 16 Sams CT