Kirtland, NM 87417
MLS# 26-37
Status: Pending
Property Description
Turnkey RV & Mobile Home Park Investment in Kirtland, NM - 9% Cap Rate & Strong Cash Flow Rare opportunity to own a well-performing RV and mobile home park in Kirtland, New Mexico. This property offers stable income, reliable occupancy, and significant upside through rent adjustments. Property Features: 30 RV spaces - consistently near full, with only 1-2 vacancies monthly. Two sites currently occupied by a park-owned mobile home ($800/month). 20 single-wide mobile home lots - stable, with no vacancies or evictions in over a year. 7 manufactured homes - including one double-wide, renting at market-friendly rates. 2 site-built houses - both well-maintained; estimated rental value $1,100-$1,200/month each. Financials (2024): Rental Income: $263,191.70 Operating Expenses: $116,579.82 Capital Expenditures: $18,107.98 Net Operating Income: $146,611.88 Asking Price: $1,600,000 Cap Rate: 9.16% (8.03% net of CapEx) Cash-on-Cash Return (25% Down): 36.65% Upside Potential: Current lot rents are below market at $290-$330/month. Nearby parks charge $380-$450/month for smaller spaces with full hookups. Adjusting to market rents presents immediate revenue growth. Occupancy Stability: Mobile home side - no turnover in the past year. RV park - steady demand with ≈3 monthly turnovers but consistently full. Why Invest Here: ✔ Diverse income from RV spaces, manufactured homes, and two site-built houses ✔ Consistent occupancy with reliable long-term tenants ✔ Strong returns and immediate rent growth opportunity ✔ Turnkey operation with clear financial records This cash-flowing RV and mobile home park in San Juan County, NM combines stability with upside—perfect for investors seeking both immediate returns and long-term growth. 📍 Call today to request full financials or schedule a private tour.
Exhibit A-D 
Office Phone: 505-501-8887
Last Updated: January - 29 - 2026
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