Lyons Mobile Home Park - for Sale in Lyons, Colorado
224 Seward
Lyons, CO 80540
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This Mobile Home Park is Sold
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Mobile Home Park for Sale |
|
| Size: | 0.8 acre(s) |
| Cap Rate: | 9.4% |
| Purchase Method: | Cash, New Loan |
| Status: | Sold |
| Property ID: | 101891 |
| Posted on: | Jul 25, 2011 |
| Updated on: | Mar 23, 2012 |
Property Description
Excellent rental income with potential to develop in the heart of Lyons! Current use is a Mobile Home Park with 14 total units (12 owned by seller) including 8 mobile homes and 6 apartments. Well-maintained and managed, the cap rate has improved and there is a constant tenant waiting list! Zoned residential this .75 acre site currently has one water tap and is approved for 3 building sites. Data illustrates increases in income under new ownership. SHOWN by APPOINTMENT ONLY. 24 Hour Notice.
Park Information
| Total Occupancy: | 100.0% |
| Year Built: | 1925 |
| Average MH Lot Rent: | $525 |
| Size: | 0.8 acre(s) |
Financial Information
| Gross Income | $80 |
| Operating Expense | $22 |
| Net Operating Income | $58 |
| Expense Ratio | 27.5% |
| Debt Info |
Lot Information
| Singlewide Lots: | 8 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $527 |