The subject property, Kremmling Central Park, is an all-age 18-space mobile home park located in Kremmling, Colorado. Kremmling is located roughly halfway between Summitt County and several destination ski resorts and Steamboat Springs. Kremmling Central provides affordable housing to the workforce who commute to those resort locations for employment.
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 and Summit County is in excess of $1.1 million (Realtor.com). Kremmling is also known as a popular hunting and fishing destination for the serious outdoorsman.
All utilities are public and 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 housing alternatives in Kremmling and other nearby cities for affordability thus enabling high occupancy and sustainable rental rates for the future.