$1,300,000

active

1 Thru 16 Sams Court, Albuquerque, NM 88337

176 days on market

Beds

Baths

Lot

3.46 ac

Type

multi family

About This Property

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 & Amenities

Dishwasher

Free Standing Electric Range

Refrigerator

See Remarks Flooring

Water: CommunityCoop

Property Details

MLS #	1092578
Property Type	multi family
Heating	Central,ForcedAir
Cooling	EvaporativeCooling
Lot Size	3.46 acres (150,718 sqft)
Property Tax (est.)	$1,000/yr ($83/mo)
Status	Active
Days on Market	176

Listing courtesy of Berkshire Hathaway NM Prop. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.