J and I Mobile Home Park has 11 spaces with only one vacant. Tenants are on a month to month basis - a majority have lived there 20+ years. Rents are $210 per space and has not been raised for many years. Great upside potential. As is, at this price, cap rate is approximately 9%. Property offers separate meters for each pad and is connected to city water and city sewer.
These small communities are located in the southern Sangre de Cristo Mountains along Interstate 25 on the east side of Glorieta Pass (elevation 7500 ft.). With many homes backing up to National Forest land, these areas are ideal for those wanting peaceful seclusion within commuting distance of Santa Fe.
Dougherty Real Estate Co. LLC
Norma Taylor
Bunny Terry 505.504.1101
20 Vereda Serena Santa Fe, NM 87508