1 Thru 16 Sams Court, La Luz, NM 88337

La Luz
Local realty services provided by:ERA Summit
1 Thru 16 Sams Court,, NM 88337
$1,300,000
  • 54 Beds
  • 36 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: thomas gallegos, max c maner
Office: berkshire hathaway nm prop
MLS#:1092578
Source:NM_SWMLS

Price summary

  • Price:$1,300,000

About this home

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

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Home facts

  • Listing ID #:1092578
  • Added:1 day(s) ago
  • Updated:May 20, 2026 at 01:57 PM

Rooms and interior

  • Bedrooms:54
  • Total bathrooms:36
  • Kitchen Description:Dishwasher, Free Standing Electric Range, Refrigerator

Heating and cooling

  • Cooling:Evaporative Cooling
  • Heating:Central, Forced Air

Structure and exterior

  • Lot area:3.46 Acres
  • Levels:1 Story

Utilities

  • Water:Community/Coop, Water Available, Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,300,000
  • Tax amount:$1,000

Features and amenities

  • Appliances:Dishwasher, Refrigerator

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