1710 Broadway StTruth or Consequences, NM 87901

Property Details for 1710 Broadway St

Property type

Warehouses

Property subtype

Retail properties

Description

This exceptional investment opportunity presents a 24-space mobile home park and warehouse situated on a major artery in Truth or Consequences, New Mexico. The property, located at 1710 S Broadway St, boasts 13 tenants under month-to-month leases, offering immediate cash flow. The asking price is $449,000, representing a compelling 12-cap return. The park's convenient location offers easy access to shopping, a hospital, schools, the renowned Hot Mineral District, and Interstate 25, ensuring high occupancy rates. The property includes several currently rented manufactured homes. The low-maintenance nature of the park contributes to its strong potential for profitability. The land is held under a month-to-month ground lease. Each mobile home space provides 2 parking spots. The property's APN is 3023079238258. This is a net lease property, and there are no rent bumps scheduled. Adjacent land is also available for potential expansion. This turnkey investment is ready to generate income immediately. The property is classified as both retail and industrial, with a warehouse and mobile home park subtype. Consider this a rare opportunity to acquire a well-established, high-yield commercial property in a desirable New Mexico location.

Location Insight

City

Truth or Consequences

County

Sierra

State

New Mexico

Latitude

33.1215

Longitude

-107.272

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].