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Address is 1527 Chestnut St Cañon City, CO 81212

Neil Torstenbo

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Multi Family Housing for Sale in Cañon City, Colorado

1527 Chestnut St
Cañon City, CO 81212

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Sale Price: $1,090,000

Contact Information

Neil Torstenbo

Mobile Home Park for Sale

Number of MH Lots: 31
Size: 7 acre(s)
Cap Rate: 10.0%
Purchase Method: Cash, Seller Financing, New Loan
Status: Active
Property ID: 459848
Posted on: Jul 23, 2014
Updated on: May 27, 2017
Price: $1,090,000

Property Description

BEAUTIFUL TREE SHADED 31 SPACE Mobile HOME PARK IN SO COLORADO IN FAMOUS CANON CITY HOME OF THE ROYAL GORGE ATTRACTION. Price just reduced !!This park features 28 units including a 4 bay garage on adjacent 1 acre parcel and 3 empty spaces on approx 7 acres on main highway 115 between Canon City and Florance Co. All units are owner occupied and tenant owned. Additional income available is $20K-$30K in re sale of mobile homes. cap rate is approx 10% plus additional income from resale of 4-5 units each year. All bank records are available including sale of mobiles, rent rolls etc. Utilities , sewer and water are all local city/county. Taxes are approx $2250 yearly. Possible OWNER FINANCING AVAILABLE . MAKE YOUR HIGHEST AND BEST OFFER . Also included for sale is 1 acre flag lot separate parcel attached to park usable for storage or 8 more units with FULL PRICE SALE . Manager lives in one park and handles all activities including showing of units for resale, sending out monthly billing and banking deposits, collecting rents and handling any repairs with our handyman or utilities and contractors as necessary . FOR SALE BY OWNER . Pre qualified buyers with financing only. Seller may provide up to 20% . Possible assumable loan. BROKERS ONLY WITH PRE QUAL BUYERS WITH FINANCING. Please call owner at 760-828-8484 OR EMAIL for more info.

Park Information

Number of MH Lots:31
Total Occupancy:90.0%
Year Built:1960
Average MH Lot Rent: $365
Size:7.0 acre(s)

Financial Information (Actual)

Gross Income$145
Operating Expense$55
Net Operating Income$90
Expense Ratio 37.9%
Debt Infounderlying $220K

Lot Information

Singlewide Lots:31
Triplewide Lots:0
Park Model Lots:0

Utility Information

Water Paid By: Tenant - Individual Service

Park-Owned Homes

Number of Park-owned Homes:1
Average Rent for Park-owned Homes: $370

Amenities and Other

Storage: Yes

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