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Contact Information

Mobile Home Park Details

  • Price: $1,270,000
  • Cap Rate: 5.1% (Actual)
  • Listing ID: 7080581
  • Posted On: Sep 11, 2026
  • Updated On: Sep 11, 2026

Description

Pinnacle Real Estate Advisors presents 910 Water St. — an exceptional opportunity to acquire Circle N MHP and River Bend RV Park, a unique combination of manufactured housing and seasonal RV income in Meeker, Colorado. The property includes 19 tenant-owned home lots, two long-term RV spaces, staff housing, and 10 seasonal RV spaces, along with approximately 8 acres offering dual river access.

Located in a supply-constrained affordable housing market with limited competing inventory, the property offers strong current occupancy and multiple avenues for value creation. 910 Water St. generates $64,943 in current annualized NOI at a 5.11% cap rate, with projected stabilized NOI of $121,679 at a 9.58% cap rate through lease-up, rent optimization, management efficiencies, and increased RV Park income.

Location

22 total sites, including 19 tenant-owned home lots, 2 RV spaces, 1 staff housing unit, and 1 vacant site. The property also includes a 10-space seasonal RV park.

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Park Information

Total Occupancy: 95.0 %

Financial Information (Actual)

Net Operating Income: $64,943

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