Contact Information
Mobile Home Park Details
- Price: $995,000
- Purchase Method: Cash, New Loan
- Cap Rate: 6.7%
- Listing ID: 4237052
- Posted On: Jan 4, 2024
- Updated On: Jan 11, 2024
Description
Explore this fantastic income-generating opportunity in the picturesque setting of Canon City, Colorado. Situated on a spacious 4-acre lot, this property boasts a sizable 1,736 sq ft single-family residence featuring 5 bedrooms, 2 bathrooms, and a convenient 2-car garage. In addition to the residence, the property includes a diverse mix of 6 mobile home land leases, 3 mobile homes, and RV leased spaces, offering multiple income streams. With the potential for further expansion and development, this property presents an excellent chance for growth and increased revenue. The park also features two privately-owned mobile homes available for purchase, both under the same ownership.
Location
Canon City is the population center of Fremont County, Colorado. Top employers are prisons, medical facilities, and schools.
Park Information
Community Type: | All Age |
Number of MH Lots: | 11 |
Total Occupancy: | 91.0 % |
Year Built: | 1973 |
Average MH Lot Rent: | $577 |
Size: | 5 acre(s) |
Financial Information (Actual)
Gross Income: | $103,507 |
Operating Expense: | $36,927 |
Net Operating Income: | $66,580 |
Expense Ratio: | 35.7 % |
Lot Information
Singlewide Lots: | 6 |
RV Information
Number of RV Lots: | 2 |
Average RV Lot Rent: | $580 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 3 |
Average Rent for Park-owned Homes: | $1,366 |