Mobile Home Park Details

  • Listing ID: 14644
  • Posted On: Jul 20, 2010
  • Updated On: Oct 19, 2010

Description

Trinidad, Colorado has a population of 10,500 and an elevation of 5,985 feet. Trinidad is a busy coal mining and railroad center and has had an increase in population due to gas and coal mining interests.

The downtown is known for it's architecture and brick streets. The city is located on Interstate 25 and has a Junior College and a regional hospital.

The Almar Mobile Home Park is located on the east side of Trinidad and on the north side of Main Street.

The Park has 52 single wide spaces which will accommodate 16' X 80' size mobile homes. Each space has off-street parking and the tenants can use their carports and storage sheds. These items are not park owned. There is one large concrete block shop which is included in the park.

The streets are paved and are 27' and 32' wide. All tenants own their mobile home and pay all gas and electric charges for their mobile home. they also pay for their own cable TV. The park pays for water, serer and trash pick up.

The park has approximately 5 acres of ground. The water pipes are # 80 heavy plastic piping and the sewer is concrete and strong and in good condition.

The park has two rental homes which rent for $650.00 for the one bedroom and $750.00 for the two bedroom plus utilities. These two homes have garages and the two bedroom has a fenced yard.

Our office highly recommends this property. For an appointment, please call 303-771-9012 303-771-9012 LICENSED REAL ESTATE BROKERS IN COLORADO, NEW MEXICO, NEBRASKA, KANSAS, OKLAHOMA, TEXAS, AND WYOMING

$127,920

52 spaces. Each space rents for $205/month

$16,800

TOTAL INCOME

$144,720

$115,105

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Park Information

Number of MH Lots: 52
Average MH Lot Rent: $205

Financial Information

Gross Income: $127,920
Operating Expense: $16,800
Net Operating Income: $144,720
Expense Ratio: 13.1 %