RIO DE ARENAS MOBILE HOME PARK ASKING PRICE $950, ACRES 84 SPACES

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1 RIO DE ARENAS MOBILE HOME PARK ASKING PRICE $950, ACRES 84 SPACES REAL ESTATE FIRM 1

2 OVERVIEW New Mexico Properties is pleased to present the Rio De Arenas Mobile Home Park, a 13 Acre 84 spaced park with magnificent views of the Arenas Valley. The Rio De Arenas Mobile Home Park offers an investor a rare opportunity to take advantage of the strong rental market Silver City has to offer and to capitalize on the huge upside potential in this property. This offering consists of 44 occupied slots, 6 park owned units, and the possibility of Owner Financing! PROPERTY HIGHLIGHTS 84 Slots Possible Owner Financing Low Overhead Huge upside potential Off-Street Parking Spaces PROPERTY SUMMARY Asking Price: $950, Lot Size: 13 Acres 55 % Occupancy 6 park owned mobile homes LOCATION HIGHLIGHTS Valley Views High rent demand of area Outdoor Living 2

3 PROPERTY PHOTOS 3

4 AERIAL MAP Walgreens Wal-Mart Gas Station Albertsons SUBJECT Airport 4

5 STREET MAP SUBJECT 5

6 FINANCIAL SUMMARY PROFORMA Current Proforma Monthly Income Space Rents $8,975 $18,900 Annualized Income $ $258,192 Less Vacancy ( 10%) Credit <N/A> $22,680 Effective Rental Income $107,700 $172,728 T-Rental/HUD/RTO Monthly Income $2,616 $2,616 T-Rental/HUD/RTO Income $31,392 $31,392 Effective Gross Income $139,092 $ 204,120 EXPENSES Real Estate Taxes $8,30 $8,230 Insurance $1,405 $1,405 AWA - Water $420 $420 Utilities - Sewer $0 $0 Utilities - Common Electric $9,096 $9,096 Trash Removal $7,704 $7,704 Treatment Operator $12,960 $12,960 On-Site Maintenance $12,960 $12,960 Total Expenses $45,215 $45,215 NET INCOME $93,877 $158,905 Capitalization $950, % 16.73% 6

7 COMMUNITY OVERVIEW Silver City (Arenas Valley) is the county seat of Grant County, New Mexico. As such, Silver City serves as the economic hub for Grant County and other smaller communities located in Southwestern New Mexico. Major employers in the area include City, County, and State government entities, Freeport McMoran Copper & Gold, United States Forest Service, Gila Regional Medical Center, Fort Bayard Medical Center, Western New Mexico University, and various enterprises of private industry ranging from white collar to farming and ranching. Silver City is a hotspot for arts, cultural heritage, outdoors activities, and, of course, is a popular destination for retirees. DEMOGRAPHICS NEIGHBORHOOD CITY COUNTY POPULATION 1,259 10,004 28,609 MEDIAN HH INCOME $24,336 $38,258 $38,923 MEDIAN AGE HOMES OWNED 57.1% 39.8% 63% HOMES RENTED 41.2% 29.4% 20.3% HOMES VACANT 1,7% 12% 16.7 UNEMPLOYMENT 6.8% 6,8% 6.8% 7

8 COMPANY SUMMARY New Mexico Properties is a dynamic real estate brokerage servicing the commercial and multi-family markets of New Mexico. With offices in Silver City and Las Cruces, New Mexico Properties also has residential sales operations throughout Southwestern New Mexico. Formed in 2016, New Mexico Properties specializes in the acquisition of multi-family properties and offers a fresh perspective on the multi-family transaction process while focusing on the consumer. The one-on-one personal attention and the quality of service that the sales team at New Mexico Properties provides is unparalleled. Associate Broker New Mexico Properties Brett@NewMexico.Properties 8