Mobile Home Park Details

  • Property ID: 1156039
  • Posted On: Nov 13, 2019
  • Updated On: Apr 16, 2020

Property Description

NorthMarq has been appointed the exclusive agent for the sale of a portfolio consisting of four manufactured housing communities located in Colorado. This unpriced offering comprises of 84 manufactured home sites in Empire and Idaho Springs in Colorado. The properties boast positive cash flow trends and are primed for value-add improvements. The investor purchasing this portfolio will have the ability to purchase the properties fee-simple in cash or with new debt provided by our in-house debt and equity team.

Idaho Springs is the largest municipality in Clear Creek County Colorado. Idaho Springs is located in the north-central portion of the state, approximately 35 miles west of Denver. The population in Idaho Springs is approximately 1,800 residents, accounting for nearly 20 percent of the total population of Clear Creek County. Interstate 70 connects Empire to Denver, while U.S. Route 40 runs through the town. Idaho Springs is a former mining town, so much so that the City Hall is located on Miner Street, one of the main roads that bisects the town. Miner Street is also home to many of the businesses in the area, including breweries, restaurants and bars, additional retails shops, and hotels/bed and breakfasts.

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Park Information

Number of MH Lots: 84
Year Built: 1949
Average MH Lot Rent: $582
Size: 32 acre(s)

Utility Information

Water: Well
Water Paid By: Tenant - RUBs
Sewer: Septic

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