Desert Gold Community
Desert Gold Community
Desert Gold Community
Desert Gold Community
Desert Gold Community
Desert Gold Community
Inside a mobile home
Inside a mobile home
Inside a mobile home
Inside a mobile home
Inside a mobile home
Inside a mobile home
Inside a mobile home
Inside a mobile home
Outside a mobile home
Outside a mobile home
Desert Gold Community
Desert Gold Community
Desert Gold Community
Inside a mobile home
Inside a mobile home
Inside a mobile home
Inside a mobile home
Outside a mobile home

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.0%
  • Listing ID: 775278
  • Posted On: Jan 3, 2017
  • Updated On: Apr 8, 2017

Description

The park has 23 spaces with 23 park owned mobile homes. The mobile homes are 2006 and 2007 models. There are 21 3BR 2BA and 2 2BR 2BA homes. The park was built in 2006 and is well maintained. The park landscaping consists of low maintenance desert landscaping. The park perimeter is fenced with a modern block fence. The streets are paved and each space has 2 parking spaces. With 100% occupancy, the park grosses $12550. The actual occupancy is consistently around 92%.The monthly expenses consist of water bill, insurance, property tax, management, trash services and repair and maintenance. The park nets $7186 per month on average and at an 8% cap rate the selling price is $1080000. At this price the income will cover a reasonable interest rate loan as well as the monthly expenses.

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Park Information

Community Type: All Age
Number of MH Lots: 23
Total Occupancy: 92.0 %
Year Built: 2006
Average MH Lot Rent: $550
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $12,550
Operating Expense: $5,364
Net Operating Income: $7,186
Expense Ratio: 42.7 %

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 23
Average Rent for Park-owned Homes: $550