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24374 Mobray Avenue
About This Property
Unlock the potential of this incredible opportunity in Oro Grande! Situated on 2.31 usable acres, this 3-bedroom, 2-bath manufactured home, built in 1987, is the perfect project for investors, flippers, or buyers looking to build equity.
With endless possibilities, this spacious property offers room for RVs, toys, animals, workshops, additional structures (buyer to verify), or simply enjoy the wide-open desert lifestyle. Whether you're looking for your next investment, a renovation project, or an affordable country property with acreage, this one checks all the boxes.
Bring your vision, creativity, and toolbox to transform this diamond in the rough into something truly special. Opportunities like this at $125,000 don't come around often!
Property is being sold AS IS. Cash or renovation financing recommended. Buyer to verify all information, including zoning, permits, utilities, and property condition to their own satisfaction.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2026 | Sold | ||
| Sold | |||
| Jul 26, 2026 | In contract | - | |
| In contract | |||
| Jun 30, 2026 | Listed by 1 Percent Lists Desert 2 Coast | $125,000 | |
| Listed by 1 Percent Lists Desert 2 Coast | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017