1710 Broadway StTruth or Consequences, NM 87901

Property Details for 1710 Broadway St

Property type

Residential income properties

Property subtype

Other warehouses

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

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