Contact Information

Mobile Home Park Details

  • Price: $2,711,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.0%
  • Listing ID: 4236061
  • Posted On: Jan 3, 2024
  • Updated On: May 28, 2024

Description

a hidden gem nestled in the breathtaking beauty of Canon City. This charming mobile home park features 23 renovated units, 2 units being stick-built homes. With a nearly 100% occupancy rate and an average monthly rent of $1200, this business promises a steady and reliable income stream for investors looking for 7% cap rate investment opportunities. As an added bonus, the property has a 4,100 sf building that currently sits vacant. This versatile space offers an excellent opportunity for further income generation. This mobile home park is more than just a real estate investment; it's a well-maintained, income generation asset set against the backdrop of Canon City's natural beauty. With renovated units, stick-built homes, and additional rent potential, this property offers a unique blend of stability and growth, making it an exceptional opportunity for investors looking to capitalize on the thriving Canon City real estate market.

Location

Canon City is the population center of Fremont County, Colorado. Top employers are prisons, medical facilities, and schools.

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

Park Information

Community Type: All Age
Number of MH Lots: 21
Total Occupancy: 100.0 %
Year Built: 1964
Average MH Lot Rent: $1,200
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $306,626
Operating Expense: $91,485
Net Operating Income: $196,010
Expense Ratio: 29.8 %

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Other Listings by TONY GREER

Similar Mobile Home Parks for Sale