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    205 San Miguel St La Mesa, NM 88044

    For Sale
    $249,000

    Two Mobile Home Rental Portfolio, $249K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional investment opportunity: This La Mesa, NM multifamily property features two mobile homes situated on a 0.89-acre lot. The property boasts 27+ mature pecan trees and its own irrigation well. One home, built in 1987, offers three bedrooms and two baths across 1064 square feet. The second, a 1984 build, also features three bedrooms and two baths, totaling 1120 square feet. Both homes benefit from city sewer, water, and electricity connections. Conveniently located one block from Highway 28, with easy access to I-25, this property presents a rare opportunity in a desirable location between El Paso, TX and Las Cruces, NM. The paved road access and established infrastructure enhance the property's appeal. This turnkey investment offers significant potential for rental income and long-term appreciation. The property's unique combination of residential units, mature pecan trees, and irrigation well makes it a truly distinctive offering. Don't miss this chance to acquire a well-maintained, income-producing property in a rapidly growing area. The asking price is $249,000, representing $124,500 per unit.

    Property Features for 205 San Miguel St

    General Information

    Property type
    Multifamily properties

    Building Details

    Units
    2

    HighLights

    • Two mobile homes on a 0.89‑acre lot with 27+ pecan trees and an irrigation well, located in La Mesa, NM.
    • One 1987 mobile home offers 1,064 sq ft, 3 bedrooms, and 2 baths; the other 1984 mobile home features 1,120 sq ft, 3 bedrooms, and 2 baths.
    • All city utilities are connected (sewer, water, electricity), and the property has paved road access, one block from Highway 28, and convenient I‑25 interstate access.
    • A rare opportunity; few comparable properties available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Wholesale Shop Clothing Store Department Store Food Market Grocery Store Daycare Center Pawn Shop Carpet & Flooring Store Laundry Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Mesa
    County
    Doña Ana
    State
    New Mexico
    Longitude
    -106.7064528
    Latitude
    32.1229147

    Nearby Comparable

    • $180,000
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      180 SF

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    Nearby Similar for Sale

    • $180,000
      0.82 Acres

      Two Mobile Homes on Acreage

      Two mobile homes on 0.82 acres with pecan trees.
      205 E San Miguel St, La Mesa, NM 88044
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Two Mobile Home Rental Portfolio, $249K
    Where is this multifamily property located?
    The property is located at 205 San Miguel St La Mesa, NM.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Two mobile homes on a 0.89-acre lot with 27+ pecan trees and an irrigation well, located in La Mesa, NM.; One 1987 mobile home offers 1,064 sq ft, 3 bedrooms, and 2 baths; the other 1984 mobile home features 1,120 sq ft, 3 bedrooms, and 2 baths.; All city utilities are connected (sewer, water, electricity), and the property has paved road access, one block from Highway 28, and convenient I-25 interstate access.
    (575) 644-7254
    Request Owner's contact information
    205 San Miguel St La Mesa, NM 88044
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    La Mesa, NM 88044
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    205 San Miguel St La Mesa, NM 88044
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