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Opportunity Zone
Canon City's Central Ave Mobile Home Community
Mobile Home Park | 21 Pads | $121,952/pad
Listing Contacts
License: CO CO 40024209
Active
Asking Price: $2,561,001
Earnest Money Deposit: $75,000 min.
Address
2341 Central Ave, Cañon City, CO 81212
Show on MapDate Added
Dec 26, 2023
Days on Market
479 days
Time Since Last Update
45 days
Details
Property TypeMobile Home Park
Investment TypeOwner/User
ClassB
Square Footage16,000 - 17,000
Net Rentable (sq ft)16,500
Cap Rate7.20%
Occupancy95%
Occupancy Date12/25/2023
NOI$211,141
Units24
Pads21
Year Built1976
Year Renovated2022
Buildings24
Stories1
ZoningMH-1
Lot Size (acres)3.19
Parking (per unit)2
Broker Co-OpYes
Price/Pad$121,952.43
Ground LeaseNo
Sale Condition1031 exchange
INTELLIGENCEMarketing Description
Welcome to Canon City's Central Ave Mobile Home Community, a hidden gem nestled in the breathtaking beauty of Canon City. This charming mobile home park features 23 renovated units, 2 units being stick-built homes. With a nearly 100% occupancy rate and an average monthly rent of $1200, this business promises a steady and reliable income stream for investors looking for 7% cap rate investment opportunities. As an added bonus, the property has a 4,100 sf building that currently sits vacant. This versatile space offers an excellent opportunity for further income generation. This mobile home park is more than just a real estate investment; it's a well-maintained, income generation asset set against the backdrop of Canon City's natural beauty. With renovated units, stick-built homes, and additional rent potential, this property offers a unique blend of stability and growth, making it an exceptional opportunity for investors looking to capitalize on the thriving Canon City real estate market.
Investment Highlights
Nearly 100% occupancy
Additional vacant 4,100 sf metal building can be rented
Many long-time tenants
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$211,141.00
$17,595.08/mo
Valuation Metrics
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0
DSCR
8.24%
Cap Rate
8.24%
ROI
Property History
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Due Diligence
Listing Contacts
- License: CO CO 40024209
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Additional Information
Additional Information
Broker Name
Tony Greer
Broker License
CO CO 40024209
Brokerage Name
Keller Williams Performance Realty
Broker Title
Employing Broker
Brokerage Address
1528 Fortino Boulevard, Pueblo, United States 81008
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