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15484655
15484656

2 Locations

MB
CO FA.100073407
Coldwell Banker Commercial NRT
Listed by Coldwell Banker Commercial NRT
$2,330,000
23 days on market
Updated 21 days ago

Bennett Homes & 460 Colfax Ave

Details
Property Type Multifamily, Mixed Use (+1)
Sub Type Single Family Rental Portfolio
Units 13
Cap Rate 6.87%
NOI $160,048
Tenancy Multi
Broker Co-Op Yes
Year Built 2019, 2018, 2017, 1940
Buildings 14
Stories 1
Acreage 1.320
Zoning Commercial
Parking Spaces 2 per unit
Investment Type Value Add
Ground Lease No

Bennett Homes & 460 Colfax Ave

Marketing description

Opportunity to own multiple income streams in the growing town of Bennett. The 13-unit manufactured home community is turnkey with newer Champion homes (2017 to 2019), park-owned, rented, and included in the sale. Each unit is separately metered for gas and electric. The community is served with city water and sewer, each unit having a sub meter system for individual water utility billing. New water supply line, sewer line, electric and gas utilities infrastructure installed prior to new manufactured homes beginning in 2017. The Champion manufactured homes are a spacious 1,150 sq ft, 2 bed/2 bath layout, with 2x6 exterior walls, smart siding, 50yr Malarkey Legacy shingles (2021), and a two-car driveway directly in front of each unit. Registered with the Colorado Division of Housing Mobile Home Park Oversight Program (MHPOP) as Bennett Homes, MHP-003371. **Note: All units are park-owned** (Gross operating income has increased 6.76% year over year, as of March 31, 2026 T12.)

Develop an additional income stream with 100 ft of high visibility Colfax Ave frontage and commercial mixed-use zoning. Reimagine the approximately 1,200 sq ft 1940’s structure: a convenient location and great visibility for your growing enterprise? Primary uses for the Colfax Ave frontage location are: Retail and convenience stores, restaurants, personal and business services, and professional offices.

Invest in an area that has experienced a notable population increase since 2020, with an average annual growth rate of 8.7% in the Town of Bennett. (Source: Town of Bennett publication, November 2024.) Convenient location to Denver International Airport (Top 4 busiest airport in the U.S. by 2025 passenger count), Colorado Air & Space Port, and the adjacent Data, Tech, and Industrial developments at Port Colorado & Rocky Mountain Rail Park.

• Bennett Homes: 13-Unit Manufactured Home Community = $2,200,000.

Projected first year Cap Rate: 7.27% + (including professional management)

• 460 E Colfax Avenue = $225,000.

Additional Land Value with 100 ft high-visibility frontage, water tap, & 1940's structure.

• Total = $2,425,000.

**List Price: $2,330,000. **

Investment highlights

Opportunity to own multiple income streams in the growing town of Bennett. The 13-unit manufactured home park is turnkey with all units manufactured 2017 to 2019, park owned, rented, and included in the sale. Develop an additional income stream with 100 ft of frontage along Colfax Avenue with Town of Bennett commercial mixed-use zoning.

Listing Contacts

MB
CO FA.100073407
Coldwell Banker Commercial NRT
Listed by Coldwell Banker Commercial NRT

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$160,048.00
$13,337.33/mo

Valuation Metrics

0
DSCR
6.87%
Cap Rate
6.87%
ROI

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Additional Information

Name
Matt Brinkhoff
License
FA.100073407
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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