EXCELLENT INVESTMENT. 5 Acre Parcel with 3 MH's. CAP Rate over 15% (excluding improvement costs). 2 MH's have Excellent Rental History and the owner has done significant improvements to the homes. Units are Individually metered except for water. The CAP Rate does not include the 3rd MH that has been approximately 80% remodeled. Once that MH is finished and rented the CAP Rate will likely be over 20%. If you're looking for a SOLID ROI this is a Great Opportunity.In Addition, the owner is selling 5 Space MH Park near SunRay (Individually metered, potential for 30% increase on income $224K - MLS#375)
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- Property SubType Other
Courtesy of: RE/MAX of Farmington
Office Phone: (505) 327-4777
Listing Agent: Ben Lyons
Updated: 3rd April, 2020 12:48 PM.
52 Road 5573 Farmington, NM