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Mobile Home Park

Calle Vista Estates

3 Rio De Arenas Rd, Arenas Valley, NM 88022

Listing Price: $950,000

Cap Rate
6.78%
Number of Spaces
84
Lot Size
26.00 acres
Occupancy
38.0%
Price/Space
$11,310
Spaces/Acre
3.23
Year Built
1990

Investment Overview

Calle Vista Estates is a 84-site mobile home community located in Arenas Valley, New Mexico. The community includes 71 mobile home lot rentals, nine RV lot rentals, and four park-owned homes. The asset sits on 26 acres with approximately 11 available to develop additional RV sites. It currently operates on well water and sewer treatment plant. The tenants pay for the electricity, trash, and gas while the community pays for the water and sewer. Current management is open to staying on board for the future ownership. The roads are in need of repair. Arenas Valley is a small town between the larger cities of Silver City and Santa Clara. The nearest Walmart is less than 15 minutes away. The community is less than 10 minutes from the nearest elementary school and is located right next to the major highway 180 which leads straight through Arenas Valley to both Silver City and Santa Clara. Calle Vista Estates is being offered at a day one capitalization rate of 6.78 percent and a pro forma capitalization rate of 10.78 percent.

Investment Highlights

  • City Water and Sewer
  • Predominantly Lot Rent Park
  • Approximately 11 Acres for RV Site Development
  • 6.78% Day One Cap Rate
  • 84 Total Sites

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Mobile Home Park

Calle Vista Estates

Listing Price: $950,000

Cap Rate
6.78%
Number of Spaces
84
Lot Size
26.00 acres
Occupancy
38.0%
Price/Space
$11,310
Spaces/Acre
3.23
Year Built
1990

Investment Highlights

  • City Water and Sewer
  • Predominantly Lot Rent Park
  • Approximately 11 Acres for RV Site Development
  • 6.78% Day One Cap Rate
  • 84 Total Sites

Investment Overview

Calle Vista Estates is a 84-site mobile home community located in Arenas Valley, New Mexico. The community includes 71 mobile home lot rentals, nine RV lot rentals, and four park-owned homes. The asset sits on 26 acres with approximately 11 available to develop additional RV sites. It currently operates on well water and sewer treatment plant. The tenants pay for the electricity, trash, and gas while the community pays for the water and sewer. Current management is open to staying on board for the future ownership. The roads are in need of repair. Arenas Valley is a small town between the larger cities of Silver City and Santa Clara. The nearest Walmart is less than 15 minutes away. The community is less than 10 minutes from the nearest elementary school and is located right next to the major highway 180 which leads straight through Arenas Valley to both Silver City and Santa Clara. Calle Vista Estates is being offered at a day one capitalization rate of 6.78 percent and a pro forma capitalization rate of 10.78 percent.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

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