1 Thru 16 Sams Court, La Luz, NM 88337 (MLS# 1092578)

1 Thru 16 Sams Court, La Luz, NM 88337

$1,300,000

Property Type: Residential Income Lot Size (sq. ft.): 150,718 Status: Active

Current Price: $1,300,000 List Date: 10/07/2025 Last Modified: 4/01/2026

Overview

Description

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

Supplements: is an excellent opportunity to expand your portfolio or enter the manufactured housing market in a growing Southern New Mexico area.

Listing Details MLS# 1092578

Location

Street #: Yes
Street Name: Thru 16 Sams
St Suffix: Court
County: Otero
City/Town Code: La Luz
State/Province: NM
Zip Code: 88337
MLS Area Major: 550 - Otero
Zone Atlas: NOZA

General Property Description

# of Units: 20
5+ Units: Yes
Property Sub-Type: Other - See Remarks
Lot Size Source: On-Line
Acres: 3.46
Lot SqFt: 150718
Directions: From Main St. Turn Left onto Section Rd. Then turn left onto Sams Place
Stories: Yes
Total # of Buildings: 20
Age: Select One
Accessory Dwelling Unit: No
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: Yes
Flood Zone: X

Cooling

Centrally Ducted: No
Evaporative Cooling: Yes

Basement

Basement: No

Sales Info

Trade/Xch Considered: No

More Information

# of Unit Types (1)

# of Units: 20
# of Bedrooms: 54
# Baths: 36
Approx. SqFt: 900
Actual Rent: 8429
Max Rent: 9000
Market Rent: 8500

Unit Summary

Total Units: 20
Average Unit Size: 900
Average Actual Rent: 8429
Annualized: 2022960
Total Actual Rent: 168580

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 01O4056089021342

Tax & Legal Info

GRT Code: 15-015
Tax Exemption: Unknown
Tax Annual Amount: 1000

Amenities

No Landscaping: Yes
Owners Unit: Yes

Flooring

See Remarks: Yes

Heating

Central: Yes
Forced Air: Yes

Owner Pays

Maintenance: Yes
No Utilities: Yes

Tenant Pays

Some Utilities: Yes

Build Description

Resale: Yes

Appliances included

Dishwasher: Yes
Free-Standing Electric Range: Yes
Refrigerator: Yes

Utilities

Community Water: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Green Energy Generation

None: Yes

Electric Provider

Public Utility: Yes

Parking

2+Spaces Per Unit: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Call Listing Broker: Yes

Zoning

UCO: Yes

Property Features

Build Description: Resale Amenities: No Landscaping; Owners Unit Appliances included: Dishwasher; Free-Standing Electric Range; Refrigerator Utilities: Community Water; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: See Remarks Green Energy Generation: None Electric Provider: Public Utility Owner Pays: Maintenance; No Utilities Tenant Pays: Some Utilities Parking: 2+Spaces Per Unit Rental Info: Call Listing Broker Finance Considered: Cash; Conventional Zoning: UCO

Listing Office: Berkshire Hathaway NM Prop

Last Updated: April - 01 - 2026

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