1 Thru 16 Sams Court NM 88337
54 bed / 36 bath / 150,718 Sq. Ft., 3.46 acres lot size / Other
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Incredible GROWING investment opportunity in the heart of La Luz, New Mexico! This property offers an approximate cap rate over 7% and features 29 total spaces with existing meter infrastructure. Currently, 20 spaces are occupied by manufactured homes all separately metered with 11 of those homes already rehabbed, providing immediate income with additional upside. The property is also being improved monthly, with the current owner rehabbing one home every 30 days, increasing gross annual income by over $7,000 every 30 days. Situated on 3.46 acres, tenants enjoy a comfortable setting with convenient access to nearby Alamogordo's schools, shopping, and amenities, while still benefiting from the quiet charm of La Luz. With flexible management potential and room for future improvements, this
property details
Type
Other
Status
Active
County
Otero
Lot Size
150,718 Sq. Ft., 3.5 acres
Listing Id
1092578
Courtesy Of
Thomas Gallegos - Berkshire Hathaway NM Prop [email protected]
List Office Phone
+1 (505) 798-6300
Interior Features
Beds
54
Flooring
See Remarks
Appliances
Dishwasher
Free-Standing Electric Range
Refrigerator
Free-Standing Electric Range
Refrigerator
Bathrooms Total
36
Exterior Features
Stories
1
Utility & Building Info
Below Grade Finished Area
0
Price Per Sq Meter
$0
Heating
Forced Air
Central
Central
Building Area Total
0 Sq. Ft.
Architectural Style
1 Story
Price History
| date | event | price | source |
|---|---|---|---|
|
10/07/2025
10/07/2025
|
Active |
$1,300,000
|
Southwest MLS New Mexico |
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Market Trends
Source: Constellation1
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