Courtesy: Berkshire Hathaway NM Prop
505-261-8687
Incredible VALUE ADD Investment opportunity in the heart of La Luz, New Mexico! This one enjoys an approximate Cap Rate over 6%. This 20-space mobile home park sits on 3.46 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 3.46-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.
La Luz is located in New Mexico. La Luz, New Mexico has a population of 1,568. La Luz is more family-centric than the surrounding county with 36.91% of the households containing married families with children. The county average for households married with children is 31.24%.
The median household income in La Luz, New Mexico is $29,980. The median household income for the surrounding county is $46,949 compared to the national median of $69,021. The median age of people living in La Luz is 40.9 years.
The average high temperature in July is 93 degrees, with an average low temperature in January of 29.5 degrees. The average rainfall is approximately 12.1 inches per year, with 3.6 inches of snow per year.
