Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 11.0%
  • Listing ID: 5347815
  • Posted On: Apr 22, 2024
  • Updated On: Oct 30, 2024

Description

9 mobile home spaces located off highway 160 in Mancos Colorado 81328. 6 Miles from Mesa Verde National Park and 27 miles from Durango Colorado. Stable quiet park with long time residents. Space rent is $475 a month Has city water and sewer. Park pays for water. residents pay electric gas trash and cable. NO PARK OWNED HOMES... A few mobile homes are available for a separate sale.
Contact Jim @ paquin100@gmail.com or Jamie at paquinjamie@gmail.com

Location

Located in city limits of Mancos Colorado

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Park Information

Community Type: All Age
Number of MH Lots: 9
Total Occupancy: 100.0 %
Year Built: 1970
Average MH Lot Rent: $475
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $57,000
Operating Expense: $11,000
Net Operating Income: $47,000
Expense Ratio: 19.3 %

Lot Information

Singlewide Lots: 10

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $1,100