Kochia Way in Sterling Colorado consists of 6 parcels.
1 parcel is 3.31 acres and holds 18 mobile home spaces 15 of which are occupied (14 TOH, 1 POH).
5 parcels are individual mobile home lots with tenant owned homes.

We've included the 2022 P&L and current rent roll in the documents tab of this listing so you can review them now if you like.

All utilities are paid directly by the tenant, including water, sewer, trash and electricity.

23 space MHP with space rents of $450/mo. The P&L expenses are based on actuals from 2022. Since that time the rent has increased to $450/mo from $400 effective September 1, 2022.

7.25% cap rate based on 2022 financials. Using the current rents with historical expenses, proforma cap rate is 7.8%

Notice of intent to sell has been delivered to the tenants who have the first right to purchase for 120 days according to Colorado Statutes. This expires on February 1st, 2024. To date the tenants have not expressed any interest in purchasing the property.

This property is very low maintenance, and has a Property Manager in place who may be willing to work with new owner if required.