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365 Armstrong Rd
Las Cruces, NM 88007
365 Armstrong MH Park · Multifamily Property For Sale
·
5,888 SF
INVESTMENT HIGHLIGHTS
- 100 Occupancy
- Low Taxes
- Very low overhead,
PROPERTY FACTS
| No. Units | 5 | Building Size | 5,888 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1980 |
| Lot Size | 0.69 AC | Parking Ratio | 3.4/1,000 SF |
| Zoning | DM | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Low-Rise |
| Lot Size | 0.69 AC |
| Building Size | 5,888 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 3.4/1,000 SF |
| Zoning | DM |
ABOUT 365 ARMSTRONG RD , LAS CRUCES, NM 88007
365 Armstrong is a small Manufactured Home Park in the north area of Las Cruces. Armstrong is a paved road leading to the park. It consists of Five Manufactured Homes. All units are single section homes. The homes range from a 1997 model to a 2000 model. All homes have been taken care of. The land is 30,056 square feet or .69 acres. The property is serviced by a septic system that is monitored and pumped out every six months. The water service is by private well that is registered. Owner pays for water, taxes, and garbage. Tenants pay for gas and electricity. All tenants are on one-year leases. The owner owns all five homes and has taken care to make sure they have been very well maintained. Lease rates range from $642 to $675 per month. The expenses are approximately $3500 per year. Gross income is $39,804 per year. Owner will consider financing the park himself. Please call the Listing Broker for terms. This small park is a good investment with very little maintenance or overhead. Possible Cash Discount
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 5 | $658.50 | 1,088 - 1,216 |
