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Address is 1527 Chestnut St, Cañon City, CO 81212

Neil Torstenbo

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Manufactured Home Community for Sale in Cañon City, Colorado

1527 Chestnut St,
Cañon City, CO 81212

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This Mobile Home Park is Off Market

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Mobile Home Park for Sale

Number of MH Lots: 58
Size: 9.3 acre(s)
Cap Rate: 9.5%
Purchase Method: Cash, Seller Financing, New Loan
Status: Off Market
Property ID: 459848
Posted on: Jul 23, 2014
Updated on: Sep 12, 2017

Property Description

BEAUTIFUL TREE SHADED 58 SPACE Mobile HOME PARKS IN SO COLORADO in Canon City home of the Royal Gorge attraction. OWNER FINANCE WITH 35% DOWN . Adds are 1527 Chestnut st and 1611 Cedar Ave . These two parks are on the same highway about 2 blocks apart. Price just reduced !!This property features 48 units and triplex and 7 empty spaces with 4 empty pads on approx 6 acres on main highway 115 between Canon City and Florance Co. All units are owner occupied and tenant owned except for a concrete block triplex . Additional income available is $20K-$30K in re sale of mobile homes if you choose to buy tenant units available . cap rate is approx 9.5% based on rental income only. All bank records are available including sale of mobiles, rent rolls etc. Utilities , sewer and water are all local city/county. Taxes are approx $4250 yearly .Owner / seller will finance 65% to qualified buyer with 35% down payment . Also AVAILABLE for sale is 1 acre flag lot separate parcel attached to park with large 4 bay garage usable for storage or 8 more units included in full price offer only .Average lot rent is $20,000 income divide by 51 units = $392.00 . One unit currently empty and for sale. UPSIDE IS SPACE RENT RAISE BY $25.00 per month. Also double income by renting units instead of tenant owner. Average rent is $675 monthly. Manager lives across street and handles all activities including showing of units for resale, sending out monthly billing and banking deposits, collecting rents and handling any repairs with our handyman or utilities and contractors as necessary . FOR SALE BY OWNER . Pre Qual buyers only with cash for down payment only. BROKERS ONLY WITH PRE QUAL BUYERS WITH FINANCING. Please call owner at 760-828-8484 OR EMAIL for more info.

Financial Information (Actual)

Gross Income$240
Operating Expense$60
Net Operating Income$180
Expense Ratio 25.0%
Debt Info

Lot Information

Singlewide Lots:58
Doublewide Lots:0
Triplewide Lots:0
Park Model Lots:0

RV Information

Number of RV Lots:0
Average RV Lot Rent: $0

Utility Information

Water Paid By: Tenant - Individual Service

Park-Owned Homes

Number of Park-owned Homes:2
Average Rent for Park-owned Homes: $392

Amenities and Other

Storage: Yes

Zip codes in Cañon City, CO

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