Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.6%
  • Property ID: 1226568
  • Posted On: Mar 10, 2020
  • Updated On: Nov 11, 2020

Property Description

Great 2.75 acre, commercial lot with I-70 frontage. The property is currently used as a mobile home park, but under Clear Creek County's C1 zoning, has many potential restaurant, retail, office, and industrial permissible uses. Great proximity, and easy access to and from the highway make it an ideal space for a business looking for a highly visible lot, that is convenient to a substantial amount of traffic throughout the area. The property neighbors the Dumont Starbucks, which is one of the most visited Starbucks location in the state, and borders the I-70 corridor that sees an average of 35,000 cars pass by per day. There is currently a cabin on the property that is a 3 bedroom, 1 bathroom residential space.


I-70 corridor

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Park Information

Community Type: All Age
Number of MH Lots: 6
Total Occupancy: 100.0 %
Size: 3 acre(s)

Financial Information (Pro Forma)

Gross Income $65,460
Operating Expense $9,280
Net Operating Income $56,180
Expense Ratio 14.2 %
Debt Info

Lot Information

Singlewide Lots: 5
Park Model Lots: 1

Utility Information

Water: Well
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $600