120 East Madrid Avenue Las Cruces, NM 88001

Listing agency Cushman & Wakefield - West Des Moines, Iowa j***@iowaca.com

Listed by Jordan Bouslog · License #IA S62986000

Source Crexi

Added: May 6 Updated: Jul 22 at 11:59PM Checked: Jul 22 at 11:59PM

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Investment Insights

Based on property information with market context.

Curry Mobile Home Park is a 35-pad, all-ages land-lease community. The property is currently operated with rents listed at $350 per month and generated $105,535 in gross revenue and $48,589 in NOI in 2025.

The offering includes reported management fees running at 23% of revenue. It also outlines a plan for moving toward higher stabilized NOI through rent normalization, management restructuring, water sub-metering, and targeted pad improvements.

Key Highlights

• 35‑pad, all‑ages land‑lease mobile home park with 2025 gross revenue of $105,535 and NOI of $48,589
• Current rents are $350/month, positioned $100–$200 below market based on comparable Las Cruces parks
• 2025 operations produced $48,589 NOI

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FAQs

What type of property is this?

Mobile home & RV park - 35-pad, all-ages land-lease mobile home park with 2025 gross revenue of $105,535 and NOI of $48,589.

Where is this mobile home & rv park located?

The property is located at 120 East Madrid Avenue Las Cruces, NM.

What is the asking price?

The asking price for this property is $1,375,000.

What are key features of this property?

This property features: 35‑pad, all‑ages land‑lease mobile home park with 2025 gross revenue of $105,535 and NOI of $48,589; Current rents are $350/month, positioned $100–$200 below market based on comparable Las Cruces parks; 2025 operations produced $48,589 NOI