Skip to main content

Mobile Home Park

Capitan Estates

104 Aspen Dr, Capitan, NM 88316

Listing Price: $400,000

Cap Rate
12.85%
Number of Spaces
20
Lot Size
12.00 acres
Occupancy
100.0%
Price/Space
$20,000
Spaces/Acre
1.67
Year Built
2000

Investment Overview

Safe Haven Mobile Home Park is a 26-site property located in Ruidoso, New Mexico. The space mix is comprised of 22 mobile home lot rents and four mobile home lots that are unusable (but can become useable once the flood zone requirements are met). The property operates on well water and septic sewer with all utilities paid for by the ownership except for electric and gas. The property has approximately 300 feet of frontage on U.S. Route 70. U.S. Route 70 (US 70) is a part of the U.S. Highway System that travels from Globe, Arizona, east to Atlantic, North Carolina. In the U.S. state of New Mexico, US 70 extends from the Arizona state line south of Virden and ends at the Texas state line in Texico.
Capitan Estates is a 20-site property located in Capitan, New Mexico. The space mix is comprised of all mobile home lot rents. The property operates on city water and septic sewer with all utilities paid for by the ownership except for electric and gas. The property has approximately 2,000 feet of frontage on Texas State Highway 48 (also known as the Billy the Kid Trail). The Billy the Kid Trail, or Broken Trail, is a national scenic byway that runs from Lincoln County through Capitan, New Mexico. There’s an additional 4+/- acres adjacent to the property available to purchase for $80,000.
Ruidoso is a small mountain village located in Lincoln County in the Sacramento Mountains of South Central New Mexico. Ruidoso is surrounded by over a million acres of forest and wilderness. The Lincoln National Forest, the White Mountain Wilderness Area and the Bureau of Land Management’s Fort Stanton National Conservation Area offer hundreds of miles of multi-use trails and is an ideal destination for hiking, horseback riding, mountain biking and camping. The Ruidoso Downs Racetrack and Casino located in nearby Ruidoso Downs brings tens of thousands of visitors to the area during racing season, Memorial Day through Labor Day. The All-American Futurity is held annually on Labor Day; the race is the richest quarter horse race in the world with a purse of over $3 million. Ruidoso, New Mexico offers a fantastic combo of skiing at Ski Apache (offering winter thrills and summer activities) and numerous golf courses like the championship-level Inn of the Mountain Gods and The Links at Sierra Blanca
The Village of Capitan is located in historic Lincoln County in the south central part of New Mexico, 165 miles southeast of Albuquerque. In Capitan, NM, visitors can explore the Smokey Bear Historical Park and Museum, which details the life of the famous bear and the history of wildland firefighting.

Investment Highlights

  • Two Properties Located Near Ruidoso, NM
  • 40 +/- Mobile Home Lots
  • 100% Lot Rent With Rent Increase Upside
  • Opportunity for Infill and Expansion
  • Assets Can Be Purchased Separately or as a Portfolio
  • Disclosure: Safe Haven Located in Flood Zone and Survey Necessary to Determine How Many Lots

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Mobile Home Park

Capitan Estates

Listing Price: $400,000

Cap Rate
12.85%
Number of Spaces
20
Lot Size
12.00 acres
Occupancy
100.0%
Price/Space
$20,000
Spaces/Acre
1.67
Year Built
2000

Investment Highlights

  • Two Properties Located Near Ruidoso, NM
  • 40 +/- Mobile Home Lots
  • 100% Lot Rent With Rent Increase Upside
  • Opportunity for Infill and Expansion
  • Assets Can Be Purchased Separately or as a Portfolio
  • Disclosure: Safe Haven Located in Flood Zone and Survey Necessary to Determine How Many Lots

Investment Overview

Safe Haven Mobile Home Park is a 26-site property located in Ruidoso, New Mexico. The space mix is comprised of 22 mobile home lot rents and four mobile home lots that are unusable (but can become useable once the flood zone requirements are met). The property operates on well water and septic sewer with all utilities paid for by the ownership except for electric and gas. The property has approximately 300 feet of frontage on U.S. Route 70. U.S. Route 70 (US 70) is a part of the U.S. Highway System that travels from Globe, Arizona, east to Atlantic, North Carolina. In the U.S. state of New Mexico, US 70 extends from the Arizona state line south of Virden and ends at the Texas state line in Texico. Capitan Estates is a 20-site property located in Capitan, New Mexico. The space mix is comprised of all mobile home lot rents. The property operates on city water and septic sewer with all utilities paid for by the ownership except for electric and gas. The property has approximately 2,000 feet of frontage on Texas State Highway 48 (also known as the Billy the Kid Trail). The Billy the Kid Trail, or Broken Trail, is a national scenic byway that runs from Lincoln County through Capitan, New Mexico. There’s an additional 4+/- acres adjacent to the property available to purchase for $80,000. Ruidoso is a small mountain village located in Lincoln County in the Sacramento Mountains of South Central New Mexico. Ruidoso is surrounded by over a million acres of forest and wilderness. The Lincoln National Forest, the White Mountain Wilderness Area and the Bureau of Land Management’s Fort Stanton National Conservation Area offer hundreds of miles of multi-use trails and is an ideal destination for hiking, horseback riding, mountain biking and camping. The Ruidoso Downs Racetrack and Casino located in nearby Ruidoso Downs brings tens of thousands of visitors to the area during racing season, Memorial Day through Labor Day. The All-American Futurity is held annually on Labor Day; the race is the richest quarter horse race in the world with a purse of over $3 million. Ruidoso, New Mexico offers a fantastic combo of skiing at Ski Apache (offering winter thrills and summer activities) and numerous golf courses like the championship-level Inn of the Mountain Gods and The Links at Sierra Blanca The Village of Capitan is located in historic Lincoln County in the south central part of New Mexico, 165 miles southeast of Albuquerque. In Capitan, NM, visitors can explore the Smokey Bear Historical Park and Museum, which details the life of the famous bear and the history of wildland firefighting.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

MM Texture Background
MM Textured Background Lower