Looking West with Pikes Peak on horizon
Looking West with Pikes Peak on horizon
Lots 1-8 looking East
Lots 1-8 looking East
Lots 9 - 20
Lots 9 - 20
Looking West with Pikes Peak on horizon
Lots 1-8 looking East
Lots 9 - 20

Contact Information

Mobile Home Park Details

  • Price: $1,400,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.9% (Actual)
  • Listing ID: 6696247
  • Posted On: Aug 15, 2024
  • Updated On: Jan 27, 2025

Description

Executive Summary
- 20 developed “country size” mobile home large lots all with city utilities.
- 2 undeveloped "country size" mobile home large lots ready for utilities.

Also Available
- 5 mobile homes with chattel mortgage Notes offered at 80% of PV +$98,186 (generates 7.9 CAP)
- 3 park owned mobile homes +$330,000
- Asking Below Appraised Value

Mobile Home Park in the Colorado Springs bedroom community of Calhan, Colorado. Opportunities like this don’t often come around. 20 developed “country size” large lots all with city utilities. With a current CAP of 7.9 on the lots + notes and an upside pro forma CAP of nearly 12, this highly profitable property is a real gem. **20 developed “country sized” lots ** 2 undeveloped lots ** 3 Park Owned Mobile Homes ** Notes on 5 Rent-To-Own Homes ** 5 vacant, developed lots ** Entire Package for $1,800,000.
**Tremendous Upside Potential. Contact Seller's Agent for Prospectus and more information. This property is being sold in compliance with Colo. Rev. Statute 38-12-217

Property Facts
Price $1,800,000 ($1,400,000 Lots Only)
Sale Type Investment
No. Lots: 22 + 3 Homes + 5 Chattel Mortgage Notes ($1,800,000)
Lot Size 4.68 AC

***Sellers may be willing to sell SFH***

Contact Seller's Agent for complete information.
Cameron Yost
719-257-3949
cameron@kimmelrealtygroup.com

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

Park Information

Community Type: All Age
Number of MH Lots: 22
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $132,165
Operating Expense: $13,714
Net Operating Income: $118,451
Expense Ratio: 10.4 %

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Download Documents

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