Opportunity Zone 16 Unit Rental Income Mobile Home Park

Multi-Family for Sale
Catylist Listing ID: 30675071
Property Subtypes: Mobile Home Park
Number of Units: 16 Units
Building Size (RSF): 25,000 SF
Gross Building Area: See Agent
Gross Land Area: 2.69 SF
Sale Price: $2,000,000
Unit Price: $125,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Owner Financing
Cap Rate: 6.0%
Average Occupancy Rate: 100
Last Updated: 9/14/2021

Overview / Comments

Gatewood is within an Opportunity Zone with Major Tax Incentives due to inclusion of the entire property being in an opportunity zone.

This Opportunity consists of a mobile home park that has 16 Rentals. One home, one duplex, 12 mobile homes and one parcel of land that is currently rented however would be a great location for self storage.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: West Mesa
Tax ID/APN: 101205645419041111
Percent Occupied: 100%
Property Located Between: Bridge and Arenal
Highway Access: Bridge to I-25
Airports: Albuquerque Sunport
Site Description: This site is 2.69 Acres and has a large parking lot that is perfect for work trucks, trailers and small equipment. Perfect for people who are employed in the construction.
Area Description: This area is located in Five Points which is in an Opportunity Zone
Total Number of Buildings: 16
Property Condition: Average
Number of Stories: 1
Year Built: 1960
Zoning Description: Unincorporated
Lot Frontage: 415
Lot Depth: 540
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,014 104,461 247,554
Median Age: 34.79 32.61 33.07
Households: 5,314 38,400 93,937

Contact

Photograph of Listing Agent

Kenneth Rutherford

Realty One Of New Mexico
CARNM CIE Member
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