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

Cameron Yost
Joshua Ryan Kimmel

Mobile Home Park Details

  • Price: $1,800,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.6%
  • Listing ID: 6696247
  • Posted On: Aug 15, 2024
  • Updated On: Sep 11, 2024

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.
- 3 park owned mobile homes
- 5 mobile homes with chattel mortgages
- 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 8.7 on the lots and 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 ** 5 Rent-To-Own Homes ** 6 vacant, developed lots ** Tremendous Upside Potential. Contact Agent for Prospectus. This property is being sold in compliance with Colo. Rev. Statute 38-12-217

Property Facts
Price $1,800,000
Sale Type Investment
No. Lots - 22 + 3 Homes + 5 Chattel Mortgages
Lot Size 4.68 AC

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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 %

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Download Documents

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