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Los Arboles Mobile Home Park 2230 N. Dona Ana Rd, Las Cruces, NM 88007

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Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 9.9% (Actual)
  • Listing ID: 16433
  • Posted On: Sep 16, 2010
  • Updated On: Oct 19, 2010

Description

100 Space Mobile Home Park inclusive of a 3,200 sq. ft. home and 10 mobile homes. All city utilties. Gas & Electric are directly metered to tenants. Park pays water, sewer, trash. Long term on site management. Historically strong occupancy.

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Park Information

Community Type: All Age
Number of MH Lots: 100
Total Occupancy: 92.0 %
Size: 11 acre(s)

Financial Information (Actual)

Gross Income: $296
Operating Expense: $123
Net Operating Income: $172
Expense Ratio: 41.6 %

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $450