205 San Miguel StLa Mesa, NM 88044

For Sale
$249,000

Two Mobile Home Rental Portfolio, $249K

Overview

Added:
Dec 11, 2024
Days on market:
93
Exceptional investment opportunity: This La Mesa, NM multifamily property features two mobile homes situated on a 0.89-acre lot. The property boasts 27+ mature pecan trees and its own irrigation well. One home, built in 1987, offers three bedrooms and two baths across 1064 square feet. The second, a 1984 build, also features three bedrooms and two baths, totaling 1120 square feet. Both homes benefit from city sewer, water, and electricity connections. Conveniently located one block from Highway 28, with easy access to I-25, this property presents a rare opportunity in a desirable location between El Paso, TX and Las Cruces, NM. The paved road access and established infrastructure enhance the property's appeal. This turnkey investment offers significant potential for rental income and long-term appreciation. The property's unique combination of residential units, mature pecan trees, and irrigation well makes it a truly distinctive offering. Don't miss this chance to acquire a well-maintained, income-producing property in a rapidly growing area. The asking price is $249,000, representing $124,500 per unit.

Highlights

  • Two mobile homes on a 0.89-acre lot with 27+ pecan trees and an irrigation well, located in La Mesa, NM.
  • One 1987 mobile home offers 1,064 sq ft, 3 bedrooms, and 2 baths; the other 1984 mobile home features 1,120 sq ft, 3 bedrooms, and 2 baths.
  • All city utilities are connected (sewer, water, electricity), and the property has paved road access, one block from Highway 28, and convenient I-25 interstate access.
  • A rare opportunity; few comparable properties available.

Property Details for 205 San Miguel St

Property type
Multifamily properties, Residential income homes
Units
2

Location Insight

City
La Mesa
County
Doña Ana
State
New Mexico
Latitude
32.1229147
Longitude
-106.7064528
205 San Miguel St, La Mesa, New Mexico

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205 San Miguel St
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