About 1 Thru 16 Sams Court
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
Features of 1 Thru 16 Sams Court
| MLS® # | 1092578 |
|---|---|
| Price | $1,300,000 |
| Bedrooms | 54 |
| Bathrooms | 36.00 |
| Acres | 3.46 |
| Type | Residential Income |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 1 Thru 16 Sams Court |
|---|---|
| Area | 550 - Otero |
| County | Otero |
| State | NM |
| Zip Code | 88337 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Available, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | See Remarks |
|---|---|
| Appliances | Dishwasher, Free-Standing Electric Range, Refrigerator |
| Heating | Central, Forced Air |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Additional Information
| Date Listed | October 7th, 2025 |
|---|---|
| Days on Market | 350 |
| RE / Bank Owned | No |
Listing Details
| Office | Berkshire Hathaway NM Prop |
|---|
Listing Map
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