Bloomfield Mobile Home Park
1310 SANCHEZ Lane, Bloomfield, NM 87413
- Added:
- Jul 10, 2025
- Days on Market:
- 327
- Last Refresh:
- Jun 1 at 8:06 pm
Property Features for 1310 SANCHEZ Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Pending
- Lot size
- 5.00 Acres
Taxes and HOA fees
- Tax Description
- 'BEG EAST 163.5 FT OF SW CORNER SE/NE SEC 28 29 11 THENCE NORTH 660 FT EAST 330 FT SOUTH 660 FT WEST 330 FT TO BEG. 5 A
Building Details
- Number of units
- 29
Listing agent Doug Farley License #53466 (970) 946-6511
Listing office R1 New Mexico Farmington 206 W Main St., Farmington, NM (505) 326-0110
Listing date Jul 10, 2025
MLS# 25-905
Listing URL
Copyright © 2026 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High Cash Flow: 11.5% Cap Rate and 18.6% Cash on Cash Return (based on 30% down).
- Mix of Park‑Owned and Tenant‑Owned Homes: Balanced income stability and lower maintenance.
- City Utilities: Connected to city water and electric, with separate propane for each unit.
- On‑Site Maintenance: Reliable on‑site maintenance person ensures consistent property upkeep.
- Value‑Add Potential: Opportunity for rent optimization or infill strategies.
- Ongoing Upgrades: Owner's renovations to park‑owned homes enhance appeal and occupancy.
Overview
This 29-space mobile home park in Bloomfield, New Mexico, presents an investor opportunity with strong cash flow and long-term upside. The property features a mix of 18 park-owned and 11 tenant-owned homes, offering a balanced income stream and manageable maintenance. The homes are connected to city utilities, with each unit having separate propane. Water and electric are currently paid by the landlord, providing flexibility for future expense adjustments. The 5-acre park benefits from irrigation rights, mature trees, and a well-organized layout. A reliable on-site maintenance person ensures consistent and responsive property upkeep. Located in a market with steady demand for affordable housing, this park offers immediate cash flow with potential for value-add strategies through rent optimization or infill opportunities. The owner has been upgrading and renovating all park-owned homes, enhancing the community's overall quality and appeal. These improvements help increase demand from prospective residents, contributing to strong occupancy rates and long-term stability. Financials and rent roll are available with a non-disclosure agreement. Financing is available with 20% down at a local bank. The property has an 11.5% cap rate and an 18.6% cash on cash return, based on 30% down.
Property Profile
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Location Insight
- Map
- Local Demand
- City
- Bloomfield
- County
- San Juan
- State
- New Mexico
- Longitude
- -107.991402
- Latitude
- 36.697815
Nearby Similar for Sale
FAQs
What type of property is this?
Mobile home & RV park - 29-space mobile home park with strong cash flow.
Where is this mobile home & rv park located?
The property is located at 1310 SANCHEZ Lane Bloomfield, NM.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: High Cash Flow: 11.5% Cap Rate and 18.6% Cash on Cash Return (based on 30% down).; Mix of Park‑Owned and Tenant‑Owned Homes: Balanced income stability and lower maintenance.; City Utilities: Connected to city water and electric, with separate propane for each unit.
