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Address is 1520 East Douglas Road Fort Collins, CO 80524

Dennis And Merlue Davies

Davies Mobile Home Court LLC

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Davies Mobile Home Court LLC

Manufactured Home Community for Sale in Fort Collins, Colorado

1520 East Douglas Road
Fort Collins, CO 80524

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Mobile Home Park for Sale

Number of MH Lots: 26
Size: 4.1 acre(s)
Cap Rate: 10.0%
Purchase Method: Cash
Status: Sold
Property ID: 106013
Posted on: Sep 26, 2011
Updated on: Aug 12, 2012

Property Description

DAVIES MOBILE HOME COURT LLC

AN EXCEPTIONAL INCOME PROPERTY

The income from this mobile home park can not be surpassed.
As per Larimer County Assessor's office (on 10/06/11) , the lot unit price for any mobile home park that has sold in the last five years in Larimer County has not been lower than $32,000...these are parks that are either on city sewers or septic systems.
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DAVIES MOBILE HOME COURT LLC is a successfully established 26 sites, family community. Northeast of Ft. Collins. Picturesque, peaceful country setting with wildlife and water fowl present. Many lakes and ponds nearby. DMHC located near the Rocky Mountain National Park and the "Foothills". Minutes from I-25 and Budweiser with easy access to downtown Fort Collins and Colorado State University, shopping centers and other businesses.

Land on south side of Douglas Road across from DMHC frontage is proposed upper bracket subdivision. There are several other upper-bracket subdivisions in the City of Ft. Collins in close proximity of Davies Mobile Home Court LLC.

DMHC has tenant-owned homes (four homes owned by owners of DMHC) with lot rent of $325 per month. Rent includes water, sewer, and trash. Being a "near-to-town" location, occupancy is nearly always 100 percent. DMHC is managed by owners. This mobile home park has produced a steady, profitable income that has consistently brought an attractive cap rate. 2010 cap rate 10-11%.

Call Merlue Davies, owner/broker at (970) 219-0604 for further information and data pertinent to the sale by owner of this very well maintained park.

(APPOINTMENT ONLY WITH OWNERS FOR VIEWING THE MOBILE HOME PARK. THIS WAY THERE IS ACCURATE INFORMATION DISTRIBUTED AND THE TENANTS ARE NOT DISTURBED BY INTERESTED PARTIES).

Location Description

Northeast of Ft. Collins Colorado along a well-maintained, paved county road, County Road 54 also known as Douglas Road. Five minutes west of I-25.

Park Information

Number of MH Lots:26
Total Occupancy:100.0%
Year Built:1973
Average MH Lot Rent: $325
Size:4.1 acre(s)

Financial Information

Gross Income$101,000
Operating Expense$0
Net Operating Income$0
Debt InfoN/A

Lot Information

Singlewide Lots:25
Doublewide Lots:1
Triplewide Lots:0
Park Model Lots:0

RV Information

Number of RV Lots:0
Average RV Lot Rent: $0

Utility Information

Water:City
Water Paid By: Park
Sewer:Septic

Park-Owned Homes

Number of Park-owned Homes:4
Average Rent for Park-owned Homes: $550