Contact Information
Cameron Yost
Kimmel Realty
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
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 |