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Investment For Sale
Gatewood Mobile Home Park | Value-Add Investment Opportunity
1143 Gatewood Avenue SW, Albuquerque, New Mexico 87105
Details
- Category Investment
- Type For Sale
- Sale Price $2,240,840.00
- CAP Rate 6.6%
- NOI $147,895.44
- Lot Size ±2.69 Acres
- Zoning R-1, Bernalillo County
Description
BUILDINGS:
- 12 Mobile Homes (seller owns 4)
- 1 Manufactured Home (seller owned)
- 1 Duplex (with 2 separate rentable units)
HIGHLIGHTS:
- Well-maintained park with spacious circulation
- ±0.46 Acres of vacant land; potential to add 4 to 5 homes
- Strong historical occupancy with minimal vacancy
- Nearby amenities including restaurants, schools and services
- Quick access to I-25 via Bridge Ave.
- Albuquerque is a promising market for growth
- High demand for affordable housing in Albuquerque
- Attractive owner financing terms available to qualified buyers
- Located in a HUB and Opportunity Zone
Documents
Listing Advisors
Land & Industrial, Retail
Genieve Posen
- Direct505 998 1568
- Office505 878 0001
- Mobile505 290 7413
- Emailgenieve@sunvista.com
Retail
John Algermissen, CCIM
- Direct505.998.5734
- Office505.878.0001
- Mobile505.264.7242
- Emailjohna@sunvista.com
