Investor opportunity in Bloomfield, New Mexico — this 35-space mobile home park offers strong cash flow and long-term upside with a 12% cap rate, and 15% Cash on Cash Return, based on 30% down. Property sits on 2 parcels, and features a blend of 19 park-owned and 16 tenant-owned homes, providing a balanced mix of income stability and lower maintenance demands. Homes are connected to city utilities, with each unit on separate propane. Water is currently paid by the landlord, allowing flexibility for future expense adjustments.
The park includes irrigation rights, mature trees, and a well-organized layout that enhances tenant appeal. A major operational asset is the reliable on-site maintenance person, who brings consistency and responsiveness to property maintenance. Located in a market with steady demand for affordable housing, this park presents an immediate cash-flowing investment with potential for value-add strategies through rent optimization or infill opportunities.
Financials and rent roll available with NDA.
The owner's takes pride in the ongoing upgrades and renovations to all park-owned homes which have enhanced the overall quality and appeal of the community. These improvements help increase demand from prospective residents, contributing to strong occupancy rates and long-term stability for the park.
Financing is available with 20% Down at local bank.
Pending
$1,600,000
1307 Sanchez Ln, Bloomfield, NM 87413
32beds
21baths
--sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Irrigation rightsMature trees
- 361 days |
- 3 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Brett Rosenbaugh 505-326-0110,
R1 New Mexico Farmington 505-326-0110
Source: SJCMLS,MLS#: 25-904
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 32
- Bathrooms: 21
Features
- Has fireplace: No
Property
Details
- Parcel number: M0066414
- Zoning description: Multi-Fam Med Dens
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Utilities & green energy
- Electric: Electric
Community & HOA
Location
- Region: Bloomfield
Financial & listing details
- Tax assessed value: $1,547
- Annual tax amount: $15
- Date on market: 7/11/2025
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$764/mo
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2025 | Pending sale | $1,600,000 |
Source: | ||
| 7/11/2025 | Listed for sale | $1,600,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2016 | $15 +3.3% | $516 |
| 2015 | $14 -8.6% | $516 -1.9% |
| 2014 | $16 +9.2% | $526 |
| 2013 | $14 | $526 |
| 2012 | $14 +3% | $526 -99.1% |
| 2011 | $14 | $59,403 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 87413
Nearby schools
GreatSchools rating
- 7/10Central Primary SchoolGrades: 1-3Distance: 1.2 mi
- 6/10Mesa Alta Jr High SchoolGrades: 7-8Distance: 1.4 mi
- 8/10Bloomfield High SchoolGrades: 9-12Distance: 1.6 mi
A local agent can set up tours, give advice and negotiate with sellers.
- New Mexico
- San Juan County
- Bloomfield
- 87413
- 1307 Sanchez Ln