Hoff & Leigh brings you a highly profitable mobile home park and covered land play with I-70 frontage and over 50,000 cars per day! The property is fully leased with annual lease agreements and rent increases; the property already generates $97,347 in annual gross income with potential for increased growth. Stabilized income, 100% occupancy, and recent renovations including a new roof on the cabin and updated mechanicals in mobile homes have the property primed and ready for a hands-off investor. The property has 6 units total with 3 park owned mobile homes, 1 park owned cabin, and two lot rentals. As a covered land play, zoning allows for a variety of uses including restaurant, retail, office, and industrial. A short 40 min drive to downtown Denver and to the major ski resorts makes it ideal for ski town workers or even as short-term rentals.
For more info, please text/call Michael Crawford: 720.683.0399. Mcrawford@HoffLeigh.com
Key Details:
$850,000 listing price
Current CAP rate: 7.9% (including 7% mgmt fee)
Proforma CAP rate: 9.38% (self-managed, no vacancy, market rents)
Current Gross Income: $97,347
Current NOI: $67,332 (including 7% mgmt fee)
3,574sf Park Owned Buildings
1.359 acre lot situated in Dumont between Denver and Ski resorts
The property has 6 units total: 5 mobile homes and 1 cabin
Well Water, City Sewer and Xcel Electric/Gas
Property Details:
100% occupancy, No vacancies
"Tenant" mobile homes are owned by property owner. Lot rent mobile homes are owned by tenants & pay lot rent.
5 trailers + 1 cabin (new roof 2023).
1 park owned cabin, 3 park owned mobile homes (Unit 1, Unit 2, Unit 5), and two lot rental mobile homes owned by Tenant (Unit 4 and Unit 6)
Michael Crawford
Hoff & Leigh Denver
