Desert Vista Mobile Home Community

Category
Current Portfolio
About This Project

Location: 900 Coronado St Needles, CA

Description:

  • 14 Acre Mobile Home Park, 93 Spaces
  • 55 % occupied

Purchased in 2015:

  • $700,000

Current Performance:

  • $48,528 Net Cash Flow After Debt Service.

Opportunity To Add Value:

  • Pass through water & sewer expense to the residents resulting in an approx. $34,336 savings
  • After passing through water & sewer expense; NOI shall be $122,864; and property value shall be approx. $1.3M
  • Fill remaining vacant sites.