Sams Place 29 Unit MFG Park 1 Thru 16 Sams Place
La Luz, NM
Asking price
$1,300,000
Sites
—
Cap rate
—
Price / site
—
About this property
Description Incredible GROWING investment opportunity in the heart of La Luz, New Mexico! This property offers an approximate cap rate over 7% and features 29 total spaces with existing meter infrastructure. Currently, 19 spaces are occupied by manufactured homes all separately metered with 11 of those homes already rehabbed, providing immediate income with additional upside. The property is also being improved monthly, with the current owner rehabbing one home every 30 days, increasing gross annual income by over $7,000 every 30 days. Situated on 3.46 acres, tenants enjoy a comfortable setting with convenient access to nearby Alamogordo’s schools, shopping, and amenities, while still benefiting from the quiet charm of La Luz. With flexible management potential and room for future improvements, this is an excellent opportunity to expand your portfolio or enter the manufactured housing market in a growing Southern New Mexico area. Approximately 26 minutes from Holloman AirForce Base and Approximately 12 minutes from Alamogordo.
All details
| Asking price | $1,300,000 |
|---|---|
| Address | 29 Unit MFG Park 1 Thru 16 Sams Place |
| First seen | Sep 6, 2026 |
| Last verified | Sep 7, 2026 |
