26536 Us-70 Ruidoso Downs, NM 88346

This exceptional investment opportunity presents a portfolio of two mobile home parks in Ruidoso Downs, New Mexico, totaling 147 lots. Located on US Highway 70, these properties enjoy convenient access to the local ski mountain and boast a strong local economy. The portfolio comprises a mix of mobile home and RV sites (46% MH, 54% RV), strategically situated just one minute apart for efficient management. Built in 1978, the parks are well-maintained and offer significant upside potential through rental rate increases and occupancy improvements. The current Net Operating Income (NOI) stands at $393,895, yielding an attractive 8.75% capitalization rate. City water, sewer, and trash services are included in the lot rent, simplifying operations. The asking price for this lucrative portfolio is $4,500,000. This is a rare opportunity to acquire a substantial, well-positioned mobile home park portfolio with proven income and considerable growth potential in a desirable New Mexico location. The properties are located at 26536 and 26595 US-70, Ruidoso Downs, NM 88346.