Manzano Mobile Home Park

Multi-Family for Sale
Catylist Listing ID: 30585568
Property Subtypes: Mobile Home Park
Number of Units: 62 Units
Building Size (RSF): 1 SF
Gross Building Area: See Agent
Gross Land Area: 4.84 Acres
Sale Price: $2,749,000
Unit Price: $44,338.71 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 9/14/2020

Overview / Comments

• 64 mobile home spaces (all tenant-owned homes)*, 2 apartment units
- *One park-owned home which is currently offered for sale and is vacant
• Strong historical occupancy
- Minimal vacancy
• Significant barriers to entry
• Desirable in-fill location
- Near the major thoroughfares of Wyoming Blvd and Central Ave
- Located just north of Kirtland Air Force Base and Sandia National Labs
- Nearby amenities including restaurants, shopping, and services
- Numerous transit options
• City utilities
- Tenant responsible for gas and electricity (gas reimbursement)
• Albuquerque is a strong market for growth

Financials

Finance Data Year 2020
Net Operating Income $192,174 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: 101905642534810927

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,910 122,229 251,786
Median Age: 28.49 36.82 37.3
Households: 7,577 53,399 111,000

Contact

Photograph of Listing Agent

Cole Flanagan

NAI Maestas & Ward CARNM CIE Member
Photograph of Listing Agent

Jake Mechenbier

NAI Maestas & Ward CARNM CIE Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.