SAMS Court, NM 88337 (MLS # 1092578)
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Incredible VALUE ADD Investment opportunity in the heart of La Luz, New Mexico! This one enjoys an approximate Cap Rate over 6%. This 20-space mobile home park sits on 3.46 acres, offering steady income potential and long-term growth. With ample space and infrastructure for 3-4 Additional Homes, the property provides tenants with a comfortable setting while giving an investor room to maximize returns. Located just minutes from Alamogordo, the park benefits from convenient access to schools, shopping, and local amenities, while still enjoying the quiet charm of La Luz. The 3.46-acre parcel allows for flexible management and potential future improvements. Whether you're looking to expand your investment portfolio or enter the manufactured housing market.
| DAYS ON MARKET | 3 | LAST UPDATED | 10/7/2025 |
|---|---|---|---|
| YEAR BUILT | 1950 | COMMUNITY | 550 - Otero |
| COUNTY | Otero | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Evaporative Cooling |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Free-Standing Electric Range, Refrigerator |
| AREA | 550 - Otero |
| HEAT | Central, Forced Air |
| LOT | 3.46 acre(s) |
| STORIES | 1 |
| TAXES | 1000 |
| UTILITIES | Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Available, Water Connected |
| ZONING | UCO |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Berkshire Hathaway NM Prop
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
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