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