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    2200 Chapparal Ave Clovis, NM 88101

    For Sale
    $1,750,000

    105 Spaces, High Potential Income

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a thriving RV and mobile home park in Clovis, New Mexico, located at 2200 Chapparal, zip code 88101. The property encompasses approximately 105 spaces, with roughly 62 currently occupied mobile home sites. All existing mobile homes are tenant-owned, with individual water and electric meters. The park's owner manages water, sewer, and trash billing, with reimbursement from tenants; electricity is billed directly to tenants. An on-site office building includes an attached shop, and existing infrastructure for laundry facilities is in place. Significant upside potential exists through adding RV spaces and filling vacant mobile home lots with park-owned units. The property also includes a vacant parcel of land west of Parkview Elementary School, offering further expansion possibilities. The asking price for this multifamily property is $1,750,000. This turnkey operation provides a strong foundation for immediate income generation and substantial long-term growth. The property's location in Curry County, New Mexico, offers a stable market for this type of investment. This is a rare opportunity to acquire a well-established park with considerable room for improvement and expansion.

    Property Features for 2200 Chapparal Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • $1,750,000 asking price for a multifamily property in Clovis, NM.
    • Approximately 105 mobile home spaces, with 62 currently occupied.
    • Includes an office building with attached shop, and potential for on‑site laundry.
    • Significant upside potential through adding RV spaces and park‑owned mobile homes.
    • All mobile homes are tenant‑owned, with separate water and electric meters; owner handles water, sewer, and trash billing and reimbursement.
    • Adjacent vacant land included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm Skin Care Clinic Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Curry
    State
    New Mexico
    Longitude
    -103.174429
    Latitude
    34.4088607

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    FAQs

    What type of property is this?
    Multifamily property - 105 Spaces, High Potential Income
    Where is this multifamily property located?
    The property is located at 2200 Chapparal Ave Clovis, NM.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: $1,750,000 asking price for a multifamily property in Clovis, NM.; Approximately 105 mobile home spaces, with 62 currently occupied.; Includes an office building with attached shop, and potential for on-site laundry.
    Request Owner's contact information
    2200 Chapparal Ave Clovis, NM 88101
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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
    2200 Chapparal Ave Clovis, NM 88101
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