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3 AC Corner Lot Across Meta Data Center 872 State Line dr 7 Unit Mobile Home Park $700,000 ($100,000/Unit) Chaparral, NM 88081
INVESTMENT HIGHLIGHTS
- 2025 Property Taxes: $949.00
- Potential to Add 5 More Spaces, Increasing Income by $24,000 Annually
- Prime Location for Future Growth
- 6 Trailers Currently Generating $42,600 Annually
- No Zoning Restrictions in Otero County
- Frontage on Two Streets, State Line Rd and Calle Del Norte
EXECUTIVE SUMMARY
Great investment opportunity in beautiful Otero County! This mobile home park features 5 fully rented trailers, generating a stable income of $42,600 annually. With the potential to add 5 more spaces at $400 per month, there’s room for significant growth and increased revenue.
The property benefits from no zoning restrictions, offering flexibility and ease for future development. Whether you're looking to expand or enjoy the consistent cash flow, this is a prime opportunity to own a mobile home park in a desirable location.
Key Features:
5 trailers currently generating $42,600 annually
Potential to add 5 more spaces, increasing income by $24,000 annually
No zoning restrictions in Otero County
Prime location for future growth
The property benefits from no zoning restrictions, offering flexibility and ease for future development. Whether you're looking to expand or enjoy the consistent cash flow, this is a prime opportunity to own a mobile home park in a desirable location.
Key Features:
5 trailers currently generating $42,600 annually
Potential to add 5 more spaces, increasing income by $24,000 annually
No zoning restrictions in Otero County
Prime location for future growth
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$90,600
|
$9.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$90,600
|
$9.06
|
| Taxes |
$949
|
$0.09
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$949
|
$0.09
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $90,600 |
| Annual Per SF | $9.06 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $90,600 |
| Annual Per SF | $9.06 |
| Taxes | |
|---|---|
| Annual | $949 |
| Annual Per SF | $0.09 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $949 |
| Annual Per SF | $0.09 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $700,000 | Lot Size | 1.59 AC |
| Price Per Unit | $100,000 | Building Size | 10,000 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 2013/2015 |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | No Zoning - Otero County has no zoning or licensing requirements. However, restrictive covenants, deed restrictions, or county ordinances may apply. | ||
| Price | $700,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 1.59 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 2013/2015 |
| Zoning | No Zoning - Otero County has no zoning or licensing requirements. However, restrictive covenants, deed restrictions, or county ordinances may apply. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Kitchen
- Dining Room
- Framed Mirrors
- Freezer
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $750.00 | - |
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3 AC Corner Lot Across Meta Data Center | 872 State Line dr
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