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.