Contact Information

Mobile Home Park Details

  • Price: $995,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.7%
  • Listing ID: 4237052
  • Posted On: Jan 4, 2024
  • Updated On: Jan 11, 2024

Description

Explore this fantastic income-generating opportunity in the picturesque setting of Canon City, Colorado. Situated on a spacious 4-acre lot, this property boasts a sizable 1,736 sq ft single-family residence featuring 5 bedrooms, 2 bathrooms, and a convenient 2-car garage. In addition to the residence, the property includes a diverse mix of 6 mobile home land leases, 3 mobile homes, and RV leased spaces, offering multiple income streams. With the potential for further expansion and development, this property presents an excellent chance for growth and increased revenue. The park also features two privately-owned mobile homes available for purchase, both under the same ownership.

Location

Canon City is the population center of Fremont County, Colorado. Top employers are prisons, medical facilities, and schools.

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Park Information

Community Type: All Age
Number of MH Lots: 11
Total Occupancy: 91.0 %
Year Built: 1973
Average MH Lot Rent: $577
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $103,507
Operating Expense: $36,927
Net Operating Income: $66,580
Expense Ratio: 35.7 %

Lot Information

Singlewide Lots: 6

RV Information

Number of RV Lots: 2
Average RV Lot Rent: $580

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $1,366

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