Mobile Home Park in Picturesque Taos, NM For Sale
|Catylist Listing ID:
Mobile Home Park
|Number of Units:
|Building Size (RSF):
|Gross Building Area:
|Gross Land Area:
||$42,968.75 Per Unit
|Property Use Type:
||Cash to Seller
Overview / Comments
The property is easily accessible in one of the most desirable areas of the town, just off Taos’ main drag, Paseo del Pueblo Sur (State Highway 68). It is also conveniently located near all of Taos’ primary services and shopping, including Walmart, which is directly across the street.
The property has minimal landlord responsibility, low maintenance costs and no amenities. The property also has value as a commercial site and could be redeveloped in the future: The land value alone is justified by the purchase price ($9.92/SF for 3.18 acres).
As a fringe benefit, new owner can enjoy a vacation while visiting this asset: Taos is a world famous destination for tourists, artists, and celebrities and features some of the worlds best dining and sight-seeing.
The buyer of this property has the opportunity to significantly increase NOI by increasing rates to market and billing back operating expenses. With these simple changes, pro-forma cash on cash return could be nearly 14% (see pro-forma included in the following page.
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