1206 Cuba Rd
Socorro, NM 87801
40 Unit Mobile Home Park Development Site · Land For Sale
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4.52 AC
Investment Highlights
- Approved for 40 Mobile Home Pads
- Gas, Water, Sewer Utilities in Place
- Potential NOI: $80,100
- Includes Leased Single- Family Home With an Estimated Value of $100,000 and One Leased Mobile Home
- Excellent Rental Market
- Tremendous Potential Upside
Property Facts
| Property Type | Land | Proposed Use | Manufactured Homes or Mobile Home Park |
| Property Subtype | Residential | Total Lot Size | 4.52 AC |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Manufactured Homes or Mobile Home Park |
| Total Lot Size | 4.52 AC |
Description
Absolute Investment Realty is proud to present this ultra-rare opportunity to own and develop a mobile home community from the ground up. 1206 Cuba Road is located just off I-25 in the college town of Socorro, NM, approximately one hour (75 miles) south of Down-Town Albuquerque. Socorro is anchored by New Mexico Tech, the state’s premier engineering school and has strong rent comps, low rental unit supply and low vacancy rates. Nestled in the Rio Grande Valley, this property is the ideal location for a mobile home community. Don’t miss this fantastic opportunity to get into the high barrier to entry mobile home community market. The Property includes a single-family home with an estimated value of $100,000 and a mobile home. The single-family home is leased to a university professor for $1,000.00 per month and the mobile home is leased for $750.00 per month.
Property Taxes
| Parcel Number | R003620 | Improvements Assessment | $22,795 |
| Land Assessment | $6,667 | Total Assessment | $29,462 |
Property Taxes
