Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 370314
- Posted On: Apr 25, 2013
- Updated On: Jun 2, 2015
Description
The Ellicott Acres Mobile Home Park is a unique, all-age community located in the Colorado Springs, Colorado area. The attractive property encompasses 55 acres with only 22 lots/homesites. Each lot is 2.5 acres, providing for open spaces and low density. Most of the tenants own their own home, so there is very little turnover. The average lot rent in the community is $360 per month. The return on investment is about 1115%, and there is an opportunity for additional income with several sites still available to rent. The Park was opened in 1986 and has been owned by the same family since that time. Included in the sale are 25-acre feet of water rights, recently upgraded water system, four mobile homes, and several other additional structures.Each site can accommodate multiple homes on the lots that are currently occupied. Contact Ron Brasch, FBB, Ltd., (800) 395-7653, www.FBB.com.
Park Information
Community Type: | All Age |
Number of MH Lots: | 22 |
Total Occupancy: | 82.0 % |
Year Built: | 1986 |
Average MH Lot Rent: | $360 |
Size: | 55 acre(s) |