1301 Sanchez Lane, Bloomfield, NM 87413
Local realty services provided by:CENTURY 21 SoWesCo Realty
1301 Sanchez Lane,Bloomfield, NM 87413
$295,000
- - Beds
- - Baths
- - sq. ft.
- Mobile / Manufactured
- Pending
Listed by: brett rosenbaugh
Office: r1 new mexico farmington
MLS#:25-906
Source:NM_SJCBR
Price summary
- Price:$295,000
About this home
This 6-space mobile home park offers cash flow and long-term upside with a 8.9% cap rate, and 9% Cash on Cash Return, based on 30% down. Property features a blend of 1 park-owned and 5 tenant-owned homes, providing a balanced mix of income stability and lower maintenance demands. Homes are connected to city utilities, with each unit on separate propane. Water & Electric is currently paid by the landlord, allowing flexibility for future expense adjustments.
The park includes irrigation rights, mature trees, and a well-organized layout that enhances tenant appeal. A major operational asset is the reliable on-site maintenance person, who brings consistency and responsiveness to property maintenance. Located in a market with steady demand for affordable housing, this park presents an immediate cash-flowing investment with potential for value-add strategies through rent optimization or infill opportunities.
Financials and rent roll available with NDA.
Contact an agent
Home facts
- Listing ID #:25-906
- Added:370 day(s) ago
- Updated:April 29, 2026 at 07:35 AM
Structure and exterior
- Lot area:1.65 Acres
Finances and disclosures
- Price:$295,000
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