Mobile Home development property - Plug and Play

Highlights:

• Currently rented with great long time tenant in mobile home
• Utilities for several more units
• Low taxes
• Local industry - Tech
• No need for rezoning or applications to add 7 units
• Water, gas, and sewer ready for new units
• Drainage pond
• Freedom to place new units in different configurations
• Fire hydrant on site
• Manholes
• Property can qualify for State or Federal housing programs and loans

Description:

Investment Property with Huge Upside Potential in Socorro, NM

Cash Flowing, High Demand Area Near New Mexico Tech

Located in the heart of Socorro, New Mexico—home to New Mexico Tech and a hub for engineering and tech professionals—this income-generating property offers unbeatable upside potential for investors. Currently cash flowing with two existing units, a mobile home, and a single-family home, this property is primed for future growth.

Key Features:

Two Existing Units: A mobile home and a single-family home, both currently rented or rentable.

Expansion Potential: With city water, gas, and sewer already in place, this property can support additional units. Current zoning (rural residential) allows for up to 7 additional dwellings without further approval, maximizing the return on investment.

Prime Location: Just minutes from New Mexico Tech and central to all Socorro amenities, this property is ideal for attracting students, faculty, medical professionals, and engineers looking for long-term rentals.

Stable Cash Flow: Ongoing rental income provides immediate return while you plan for future development.

Huge Upside: With limited housing options in this thriving town, there’s enormous demand for additional rental units, making this a perfect development opportunity for an investor or developer. Along with several state and government programs for rural development

Don't miss out on this rare opportunity to secure a property in one of New Mexico's most dynamic and growing communities.