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Income Producing Mobile Home Lots (10 Spaces) 116 S Cecil St 10 Unit Mobile Home Park $450,000 ($45,000/Unit) 8% Cap Rate Hobbs, NM 88240
INVESTMENT HIGHLIGHTS
- 10 mobile home spaces with tenant-owned homes
- Upgraded electrical service — several poles/meters replaced with 200-amp capacity
- Centrally located, convenient access to city amenities
- Long-term tenant base with minimal turnover
- Tenants pay electricity and gas; Owner pays water/sewer/trash
- No roadway maintenance required
EXECUTIVE SUMMARY
This property consists of 10 mobile home spaces with tenant-owned homes, ensuring stable occupancy and minimal landlord responsibilities. The park has a long history of long-term tenants with very little turnover, making it a strong and reliable income property.
Improvements include the upgrade of several electrical poles and meters to 200-amp service. Tenants pay their own electricity and gas, while the Owner provides water, sewer, and trash services.
Centrally located within the community, the property offers convenient access to nearby amenities. Because the spaces adjoin city streets, there is no roadway maintenance required by the Owner, lowering operating costs.
This mobile home park offers investors a turnkey opportunity with consistent cash flow, updated infrastructure, and low ongoing expenses.
Property has two addresses: 119 S Coleman St & 116 S Cecil St, Hobbs, NM 88240
Improvements include the upgrade of several electrical poles and meters to 200-amp service. Tenants pay their own electricity and gas, while the Owner provides water, sewer, and trash services.
Centrally located within the community, the property offers convenient access to nearby amenities. Because the spaces adjoin city streets, there is no roadway maintenance required by the Owner, lowering operating costs.
This mobile home park offers investors a turnkey opportunity with consistent cash flow, updated infrastructure, and low ongoing expenses.
Property has two addresses: 119 S Coleman St & 116 S Cecil St, Hobbs, NM 88240
PROPERTY FACTS
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
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PROPERTY TAXES
| Parcel Number | 4000044260001 | Improvements Assessment | $0 |
| Land Assessment | $12,378 | Total Assessment | $12,378 |
PROPERTY TAXES
Parcel Number
4000044260001
Land Assessment
$12,378
Improvements Assessment
$0
Total Assessment
$12,378
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Income Producing Mobile Home Lots (10 Spaces) | 116 S Cecil St
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