Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Cap Rate: 12.8%
  • Listing ID: 421941
  • Posted On: Jan 20, 2014
  • Updated On: Aug 4, 2014

Description

Just 20 miles outside of Steamboat Springs, the community of Oak Creek is at the center of Ski Country, USA. This manufactured home community offers 22 mobile home sites, as well as a convenient location and proximity to some of the best ski slopes that the Rockies have to offer. Located in Routt County, Oak Creek is surrounded by hundreds of acres of National Forest, and is close to the Yampa River, as well as many lakes, hot springs and trail systems – a veritable outdoorsman’s paradise.
Due to a high demand for affordable housing with proximity to Steamboat Springs, Oak Creek is an excellent investment opportunity. As of July 2013, the community was at 77% occupancy and each home provided $350 in monthly rent.

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Park Information

Community Type: All Age
Number of MH Lots: 22
Total Occupancy: 77.0 %
Year Built: 1971
Average MH Lot Rent: $350
Size: 3 acre(s)

Financial Information

Net Operating Income: $51

Lot Information

Singlewide Lots: 22

Utility Information

Water: City
Sewer: City

Park-Owned Homes

Average Rent for Park-owned Homes: $350

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