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Investment Highlights

  • offers an amazing opportunity to further develop two of the 7 parcels that make up this park

Executive Summary

The property is 100% occupied, with a strong rental history over the years. The property is composed of 62 mobile home spaces, of which 59 are single, and 3 are doubles; an approximately 2,100 square foot, 3 bedroom/2 bath home with an attached garage; a 3-bay shop; and a Quonset garage & shed. Each mobile home has separately metered gas, electric, sewer & water. Most units are provided with a park-owned 6' X 7' storage shed. The property offers an amazing opportunity to further develop two of the 7 parcels that make up this park. Two private roads off Riverside Drive, Calle Rancho Viejo & Calle Valdez, are included with the property. The Acequia Del Llano runs through the property, and the Acequia water rights convey with the property.

Property Facts Under Contract

Price $5,000,000
Price Per Unit $5,000,000
Sale Type Investment
Sale Conditions
1031 Exchange
  • Business Value Included
  • High Vacancy Property
No. Units 1
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Building Class C
Lot Size 12.44 AC
Building Size 541,886 SF
Average Occupancy 100%
No. Stories 1
Year Built 2024
Zoning Commercial - Mobile Home Park
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
1-000-000-021374
Land Assessment
$0
Improvements Assessment
$3,174
Total Assessment
$3,174
  • Listing ID: 34640064

  • Date on Market: 12/31/2024

  • Last Updated:

  • Address: 2116 N Riverside Dr, Espanola, NM 87532

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