Mobile Home Park and Development Opportunity

Multi-Family for Sale
Catylist Listing ID: 29982801
Property Subtypes: Mobile Home Park
Number of Units: 43 Units
Building Size (RSF): 16,832 SF
Gross Building Area: See Agent
Gross Land Area: 15 Acres
Sale Price: $4,797,000
Unit Price: $111,558.14 Per Unit
Property Use Type: Investment
Building Name: Loma Vista
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/26/2017

Overview / Comments

The Property is comprised of 15 Acres, 5 of which is operating as Loma Vista MHP. The popular Club Rio event center is located on the adjacent parcels. The entire 10 acre parcel could be redeveloped to expand the MHP or the owner could retain Club Rio and develop up to 7 acres as a MHP or other use.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: West Mesa
Tax ID/APN: ABQ160030
Zoning: SU-2 - Special Neighborhood Zone
Site Description: Loma Vista MHP is comprised of 43 Units paying on average $375/month. All units are individually metered. Loma Vista is self-managed and very low management and maintenance costs. All utilities are individually metered.
Area Description: Growing Trade Area Easy access to I-40 Convenient to Shopping SU-2 for Commercial Zoning Potential Expansion of Mobile Home Park Along Albuquerque Rapid Transit Route Located on Historic Route 66 (Central Ave) Turn Key Restaurant & Event Center
Property Condition: Good

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,630 97,992 169,974
Median Age: 27.62 29.46 32.38
Households: 5,310 31,415 59,040

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