For Sale
$4,500,000
26536 Us-70 Ruidoso Downs, NM 88346
147 Units, 8.75% Cap Rate, NM
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 147 total lots in two adjacent mobile home parks.
- 8.75% capitalization rate with a $393,895 NOI.
- Significant upside potential through rental rate increases.
- Strong local economy near Ruidoso Downs, NM, and convenient US-70 access.
Property Details for 26536 Us-70
- Property type
- Mobile home & RV parks
- Year Built
- 1978
- Units
- 147
Location Insight
- City
- Ruidoso Downs
- County
- Lincoln
- State
- New Mexico
- Latitude
- 33.3478475
- Longitude
- -105.5649667
Nearby Comparable
Nearby Similar for Sale
FAQs
- What type of property is this?
- Mobile home & RV park - 147 Units, 8.75% Cap Rate, NM
- Where is the mobile home & rv park located?
- The property is located at 26536 Us-70 Ruidoso Downs, NM.
- What is the asking price?
- The asking price for this property is $4,500,000.
- What are key features of this property?
- This property features: 147 total lots in two adjacent mobile home parks.; 8.75% capitalization rate with a $393,895 NOI.; Significant upside potential through rental rate increases.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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