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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

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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

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