Contact Information

Mobile Home Park Details

  • Price: $1,800,000
  • Cap Rate: 6.5%
  • Listing ID: 6479812
  • Posted On: Jul 2, 2024
  • Updated On: Jul 2, 2024


The subject property, Kremmling Central Park, is an all-age 18-space mobile home park located in Kremmling, Colorado. With a population of approximately 2,000 people, Kremmling is located roughly halfway between Summitt County and Steamboat Springs.
Kremmling Central provides affordable housing for several residents who commute to Steamboat and Summitt county. Steamboat is one of the top 3 ski resorts in Colorado, while Summitt County is home to the Breckenridge, Copper Mountain, and Keystone ski resorts, all of which are popular all-season destinations in Colorado. The median home price in Steamboat is in excess of $1.1 million ( Kremmling is also known as a popular hunting and fishing destination for the serious outdoorsman.
All utilities are public and most are directly billed to the tenants, including trash disposal. Rents are below market compared to all other forms of housing in the county MSA. There is minimal competition for housing alternatives in Kremmling and nearby cities.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 18
Total Occupancy: 94.4 %
Year Built: 2000
Average MH Lot Rent: $701
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $150,312
Operating Expense: $33,453
Net Operating Income: $116,859
Expense Ratio: 22.3 %

Download Documents