Contact Information

Mobile Home Park Details

  • Price: $3,600,000
  • Cap Rate: 5.8%
  • Property ID: 1666581
  • Posted On: May 10, 2022
  • Updated On: Jul 26, 2022

Property Description

5.75% Cap Rate on Existing Income! Aspen Mobile Home Park in Northwest Fort Collins sits on 2.67 acres
accommodating 33 mobile homes, one single family residence and a storage barn. $204,705.00 NOI budgeted for 2022. Value add opportunity to bring rents up to market and to install sub-meters and bill back water/sewer. The Fort Collins-Loveland MSA has 310,000 as of 2022 and is one of the country’s fastest growing areas

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Park Information

Community Type: All Age
Number of MH Lots: 33
Year Built: 1969
Average MH Lot Rent: $650
Size: 3 acre(s)

Financial Information (Actual)

Gross Income $216,000
Operating Expense $63,000
Net Operating Income $153,000
Expense Ratio 29.2 %
Debt Info

Utility Information

Water: City
Sewer: City

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