1143 Gatewood AveAlbuquerque, NM 87105

This Albuquerque, New Mexico mobile home park presents a compelling investment opportunity. The property, located at 1143 Gatewood Ave SW, boasts 15 units, including 12 mobile homes, one manufactured home, and a duplex with two separate rental units. The seller owns four of the mobile homes and the manufactured home. Situated on a 2.69-acre lot with approximately 0.46 acres of vacant land, there's potential to expand the park by adding 4 to 5 more homes. The park benefits from a strong historical occupancy rate with minimal vacancy, suggesting consistent cash flow. Its convenient location offers quick access to I-25 via Bridge Ave and proximity to local amenities such as restaurants, schools, and services. The property is zoned R-1 in Bernalillo County, and the asking price is $2,261,089, representing a 7.25% cap rate with a current NOI of $163,929. The well-maintained park features spacious circulation. Attractive owner financing terms are available for qualified buyers. Albuquerque's promising market and high demand for affordable housing further enhance this investment's potential.