Mobile Home Park Details

Listing ID: 1332462
Posted On: Sep 30, 2020
Updated On: Aug 11, 2022

Description

• Rams Horn MHC is a 16 MH site (plus 1 SF Home + 1 Storage/Garage + 1 Warehouse) all-age community positioned on seven acres of land and serviced by public utilities. The community has had zero vacancy since the current owners acquired it in 2005.
• Value-add opportunity to install submeters and back /sewer. It is currently included in rent and the pays the master meter.
• The community sits in a prime location just off State Highway 13 within the city of Craig and only a 45-minute drive to Steamboat which has been recognized as one of the best ski destinations in the country.
• With strong household incomes and housing values in the area, there should be significant demand to fill the 16 expansion sites, of which five have been already had utility upgrades and are ready for homes. The remaining 11 lots will need improvements before home-ready such as extending the line to the back of the community, replacing gas and electric laterals, and repaving the .
• The offering includes two -owned homes that are both currently rented and five home loans with a current balance of just under $104k.
• Historically, the local economy has been driven by oil, gas, and coal, but with the significant growth in all towns across Colorado, Craig is experiencing an affordable housing shortage as the costs continue to skyrocket through the towards Steamboat. Families can work remote and are looking for a more
rural environment to raise kids.
• In June 2020, Colorado passed a requiring a owner to provide tenants an effective right of first refusal to buy the . Please click here for further details:
https://leg.colorado.gov/bills/hb20-1201

Location

• Rams Horn MHC sits in a prime location in Moffat County within a short drive to Steamboat, CO and only four hours from , Fort Collins, and Cheyenne, WY. Within a 10-mile radius of the community, the total population is approximately 12,930 people with a strong average household income of $71,300 and an average home value of $217,200.
• The community is located near several restaurants, shops, and large retailers. A Walmart Supercenter and Dollar Tree are just a five-minute drive from the community. Three coal mining operations are located within a short distance of Craig, including one of the state’s largest and cleanest burning coal-fired power
plants.
• The community is located within the highly-rated Moffat County District comprised of a preschool, four elementary schools, one middle , and one
.
• Moffat County is the second largest county in Colorado with an area of 4,743 square miles. Craig is the county’s seat and the commercial and industrial center for northwest Colorado. The area is surrounded by natural beauty and offers outdoor recreation activities such as sport fishing, hunting, biking, hiking, rafting,
camping, and more. The area is also known for being the elk hunting capital of
the world.
• The Moffat County economy is driven by the agriculture and energy industries. Agriculture accounts for about nine percent of the county’s jobs while the energy industry is the bedrock that holds the area’s economy stable. Coal mining, natural
gas, and oil companies make up nine of the county’s top ten property taxpayers.

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