116 S Cecil St - Manufactured Housing/Mobile Housing FOR SALE


Hobbs, NM 88240
$450,000 USD
575-694-4717
116 S Cecil St, Hobbs, NM for Sale
$450,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
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116 S Cecil St
Hobbs, NM 88240


HIGHLIGHTS

  • 10 mobile home spaces with tenant-owned homes
  • Long-term tenant base with minimal turnover
  • Upgraded electrical service — several poles/meters replaced with 200-amp capacity
  • Tenants pay electricity and gas; Owner pays water/sewer/trash
  • Centrally located, convenient access to city amenities
  • No roadway maintenance required

OVERVIEW

This property consists of 10 mobile home spaces with tenant-owned homes, ensuring stable occupancy and minimal landlord responsibilities. The park has a long history of long-term tenants with very little turnover, making it a strong and reliable income property. Improvements include the upgrade of several electrical poles and meters to 200-amp service. Tenants pay their own electricity and gas, while the Owner provides water, sewer, and trash services. Centrally located within the community, the property offers convenient access to nearby amenities. Because the spaces adjoin city streets, there is no roadway maintenance required by the Owner, lowering operating costs. This mobile home park offers investors a turnkey opportunity with consistent cash flow, updated infrastructure, and low ongoing expenses. Property has two addresses: 119 S Coleman St & 116 S Cecil St, Hobbs, NM 88240

FOR SALE DETAILS

PRICE

$450,000 USD

# OF UNITS

10

PRICE/UNIT

$45,000

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Income Producing Mobile Home Lots (10 Spaces)

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

None

APN/PARCEL ID

4000044260001,4000820290002,4000885140001

ASK ABOUT THIS PROPERTY

Erin AndersonPermian Real EstateMore Info
575-694-4717

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Erin AndersonPermian Real EstateMore Info
575-694-4717

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.