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Aspen Mobile Home Park: 400 & 418 S. Overland Trail, Fort Collins CO 400 South Overland Trail, Fort Collins, CO 80521

Expired   Price Reduced  

Mobile Home Park Details

  • Cap Rate: 5.8%
  • Listing ID: 1666581
  • Posted On: May 10, 2022
  • Updated On: Feb 3, 2023

Description

5.75% Cap Rate on Existing Income! Aspen Mobile Home Park in Northwest Fort Collins sits on 2.67 acres
accommodating 33 mobile homes, one single family residence and a storage barn. $204,705.00 NOI budgeted for 2022. Value add opportunity to bring rents up to market and to install sub-meters and bill back water/sewer. The Fort Collins-Loveland MSA has 310,000 as of 2022 and is one of the country’s fastest growing areas

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Park Information

Community Type: All Age
Number of MH Lots: 33
Year Built: 1969
Average MH Lot Rent: $650
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $216,000
Operating Expense: $63,000
Net Operating Income: $153,000
Expense Ratio: 29.2 %

Utility Information

Water: City
Sewer: City