The requested property is removed. Here are active Mobile Home Parks for Sale in Alamogordo, New Mexico
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% (Actual)
  • 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