1447 Fatima RdSocorro, NM 87801
10-Space Mobile Home Park + 4BR Home
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- Socorro, NM mobile home park investment opportunity: 10-space park with individually metered utilities, generating $17,500 annual income (90% occupancy) and $32,900 NOI, resulting in a 10.28% cap rate.
- 4-bedroom, 2-bathroom modular home on a permanent foundation, featuring an addition, covered patio, 2-car carport, newer metal roof, gas furnace, and wood-burning stove.
- 3.89-acre lot with mature fruit trees (apricot, pear, apple, and plum), fully fenced for privacy.
- Low owner expenses: $108 monthly trash dumpster fee and $1200 average annual property taxes.
- Home offers additional income potential: $1200/month rental income or $150,000 sale value. Asking price: $320,000.
Property Details for 1447 Fatima Rd
- Property type
- Mobile home & RV parks, Residential income homes
- Buildings
- 1
Location Insight
- City
- Socorro
- County
- Socorro
- State
- New Mexico
- Latitude
- 34.08618787
- Longitude
- -106.89742176
Nearby Similar for Sale
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