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1 Thru 16 Sams Court
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1 Thru 16 Sams Court
1 Thru 16 Sams Court
1 Thru 16 Sams Court
1 Thru 16 Sams Court
1 Thru 16 Sams Court
1 Thru 16 Sams Court
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1 Thru 16 Sams Court

NA, NM 88337

$1,300,000
54 bd • 36 ba • 3.46 acres
1 Story
Stories
10/07/2025
Listing Date
1092578
Listing #
88337
Zip Code
Otero
County

About This Property

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, 20 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

Interior

Bathrooms Total: 36
Appliances: Dishwasher, Free-Standing Electric Range, Refrigerator
Flooring: See Remarks

Building And Construction

Property Type: Residential Income
Levels: One
Number Of Units Total: 20
Stories: 1
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 3.46
Lot Size Square Feet: 150,718 sqft

Provisional

MLS #: 1092578
Listing Terms: Cash, Conventional
Number Of Buildings: 20
Occupant Type: Owner
Owner Pays: Common Area Maintenance
Tenant Pays: Other, See Remarks, All Utilities
Total Actual Rent: 168580

Area And Schools

Postal Code: 88337
MLS Area Major: Otero
County: Otero
Parcel Number: 01O4056089021342

Utilities

Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Available, Water Connected
Cooling: Evaporative Cooling
Heating: Central, Forced Air
Heating (Y/N): Yes
Water Source: Community/Coop

Location

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Directions: From Main St. Turn Left onto Section Rd. Then turn left onto Sams Place

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Listing courtesy of Berkshire Hathaway NM Prop
Southwest MLS Logo Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

(505) 521 8550