224 Seward Lyons, CO
6 Apartments and 8 Mobile Homes
1 and 2 Bedroom Units
6 Trailers Owned by Seller
Circular Drive Borders and Alley
Close to Schools and Downtown
Excellent Rental History
Pride of Ownership by Two Tenants
Sample Owned Unit
Inside Apartment
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.4%
- Listing ID: 101891
- Posted On: Jul 25, 2011
- Updated On: Mar 23, 2012
Description
Excellent rental income with potential to develop in the heart of Lyons! Current use is a Mobile Home Park with 14 total units (12 owned by seller) including 8 mobile homes and 6 apartments. Well-maintained and managed, the cap rate has improved and there is a constant tenant waiting list! Zoned residential this .75 acre site currently has one water tap and is approved for 3 building sites. Data illustrates increases in income under new ownership. SHOWN by APPOINTMENT ONLY. 24 Hour Notice.
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Park Information
| Community Type: | All Age |
| Total Occupancy: | 100.0 % |
| Year Built: | 1925 |
| Average MH Lot Rent: | $525 |
| Size: | 1 acre(s) |
Financial Information
| Gross Income: | $80 |
| Operating Expense: | $22 |
| Net Operating Income: | $58 |
| Expense Ratio: | 27.5 % |
Lot Information
| Singlewide Lots: | 8 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $527 |