$1,300,000

1 Sams Place Pave, La Luz NM, 88337

Price per sqft$61.90

Built in1950

Property size21,000 sqft

Property typeCommercial

Courtesy of Tom Gallegos with Berkshire Hathaway Home Services New Mexico Properties - Abq

Overview

Active

Listed Oct 4, 2025

Updated 12 days ago

Incredible VALUE ADD Investment opportunity in the heart of La Luz, New Mexico! This one enjoys an approximate Cap Rate over 6%. This 18-space mobile home park sits on 3.66 acres, offering steady income potential and long-term growth. With ample space and infrastructure for 3-4 Additional Homes, the property provides tenants with a comfortable setting while giving an investor room to maximize returns. Located just minutes from Alamogordo, the park benefits from convenient access to schools, shopping, and local amenities, while still enjoying the quiet charm of La Luz. The 3.66-acre parcel allows for flexible management and potential future improvements. Whether you're looking to expand your investment portfolio or enter the manufactured housing market, this property presents a solid opportunity in a desirable Southern New Mexico location.

Additional information

MLS^® ID: 20255775

Interior Features

Bathrooms: 0
Basement: No

Exterior Features

Lot Size: 3.46 Acres

Other Property Details

Taxes: $1,000
Tax Frequency: Annually
55+/Senior Community: No

Property information should be verified by buyer. Listing information provided in part by the New Mexico Association of REALTORS®. Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the New Mexico Association of REALTORS®. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Agnes Leyba-Cruz shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.