219 & 231 Muriel Ne Street, Albuquerque, NM 87123

$862,500
3
BD
2
BA
List Price
$862,500
Price Change
▼ $62,500 1632965672
MLS#
1000515
Status
PENDING
Number of Units
10
County
Bernalillo
City
Albuquerque
Bedrooms
3
Bathrooms
2
Acres
0.6

Property Description

Huge price reduction on 10-unit mobile home pk with owner financing! Units have been reconditioned and include 8 mobile homes, one 2200 sf 3 bdrm 2 ba home with 2 car garage, an additional 1 car garage for storage, and an efficiency. This property is a cash cow grossing machine producing more than $100,000 per year with 6.5% Cap. Many of the rents have not been raised in 3 yrs. At market rents this park will operate at 7.7% CAP rate. All homes have had extensive remodeling. Park models include 3 three bdrm 2 bath homes, 1 two bdrm 2 bath home, 5 two bdrm 1 bath homes, and one efficiency. All models including efficiency have washers and dryers and solid surface flooring. No carpet. All models are owned by park. 100% leased! Owner financing available with 25% down

Additional Information

Days on Market
46
Stories
1
Cooling
Evaporative Cooling
Heating
Wall Furnace
Exterior Features
Lighting

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Dave Slade & Associates LLC.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.