$117,000
●
House -
Off Market
3648 Silver Palm Drive
El Paso, TX 79936
4 Beds
2 Baths
$1,214
Est. Monthly
$525
HOA / Fees
12.03%
Cap Rate
About This Property
Welcome to this 8 month old Morocco Manufactured home, nestled in
the Palm Desert Community. This 4-bedroom, 2-bathroom
residence features two expansive living areas that gracefully
converge at a central gourmet kitchen, equipped with stainless
steal appliances. Have another location in mind? This
manufactured home can be relocated to a site of your choice, or
continue to lease in the Palm Desert Community for $525/month,
where you can enjoy amenities including a Clubhouse, Pool, Tennis,
and Basketball Courts.
Unit Size
-
Days on Market
9 days
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$77
HOA Dues
$525
Year Built
2000
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 months ago (GEPAR MLS #894087)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 17, 2024 | Sold | ||
| Sold | |||
| Jan 8, 2024 | Listed by Cornerstone Realty | $124,500 | |
| Listed by Cornerstone Realty | |||
| Nov 7, 2023 | Listed by Cornerstone Realty | $124,500 | |
| Listed by Cornerstone Realty | |||
| | |||
|
Welcome to this 7 month old Morocco Manufactured home, nestled in the Palm Desert Community. This 4-bedroom, 2-bathroom residence features two expansive living areas that gracefully converge at a central gourmet kitchen, equipped with stainless steal appliances. Have another location in mind? This manufactured home can be relocated to a site of your choice, or continue to lease in the Palm Desert Community for $525/month, where you can enjoy amenities including a Clubhouse, Pool, Tennis, and Basketball Courts.
| |||
| Sep 23, 2023 | Listed by Cornerstone Realty | $128,000 | |
| Listed by Cornerstone Realty | |||
| | |||
|
Welcome to this 4 month old Morocco Manufactured home, nestled in the Palm Desert Community. This 4-bedroom, 2-bathroom residence features two expansive living areas that gracefully converge at a central gourmet kitchen, equipped with stainless steal appliances. Have another location in mind? This manufactured home can be relocated to a site of your choice, or continue to lease in the Palm Desert Community for $525/month, where you can enjoy amenities including a Clubhouse, Pool, Tennis, and Basketball Courts.
| |||
| Jul 18, 2023 | Listed by eXp Realty LLC | $145,000 | |
| Listed by eXp Realty LLC | |||
| | |||
|
This Morocco Mobile home is only 3 MONTHS old. Every upgrade you can imagine and amazing open concept. Stainless steel appliances and color choices. 4 large bedrooms with ample closet space and TWO living areas. Take this home to your dream spot of land or you can continue to lease in the Palm Desert Mobile home park for only $525/month.
OWNER FINANCING AVAILABLE
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Montana East
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Listed by: Matthew Maldonado, Cornerstone Realty
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 894087
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS®. Real estate listings held by brokerage firms other than RH Advisors, Inc. and RHP Realty NJ, Inc. are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers.
Listing data is deemed reliable but not guaranteed.
Copyright 2026 the Greater El Paso Association of REALTORS®, MLS Inc. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 894087
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