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Gatewood Mobile Home Park
1143 Gatewood Ave SW Albuquerque, NM 87105
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Overview
-Well-maintained park with spacious circulation - ±0.46 Acres of vacant land; potential to add 4 to 5 homes -Strong historical occupancy with minimal vacancy -Nearby amenities including restaurants, schools and services -Quick access to I-25 via Bridge Ave. -Albuquerque is a promising market for growth -High demand for affordable housing in Albuquerque -Attractive owner financing terms available to qualified buyers -Zoning: R-1 Bernalillo County -Buildings: 12 Mobile Homes (seller owns 4) 1 Manufactured Home (seller owned) 1 Duplex (with 2 separate rentable units). Attractive owner financing terms available to qualified buyers
Attachments
For Sale
Multifamily
- Sale Price
- $2,261,089
- Investment
- Yes
- Cap Rate
- 7.25%
- Net Operating Income
- $163,929
- Acres
- 2.69 ac
- Zoning
- R-1
- Number Of Buildings
- 16
- Floors
- 1
- Year Built
- 1960
- Submarket
- South Valley
- Nearest MSA
- Albuquerque
- Property Use Type
- Investment
- Lot Width
- 415 ft
- Lot Depth
- 540 ft
- In Opportunity Zone
- Yes
- Total Units
- 15
- County
- Bernalillo
- Created
- 2023-07-31
- Updated
- 2024-10-25
- Listing ID
- da5a739a
- Parcel APN
- 101205645419041111