Aspen Homes Mobile Home Park
Mobile Home Park | 22 Pads | $52,273/pad
Marketing description
Aspen Homes MHP consists of 20 country sized developed lots with 2 undeveloped lots ready for expansion. The Park sits on two parcels
totaling 5.5 acres in the city of Calhan, CO, quickly becoming a bedroom community for Colorado Springs. Residents enjoy city maintained roads and city water and sewer which is billed directly to the tenants. All lots are separately metered.
Of the 20 developed country sized lots, 15 lots are occupied, 5 lots are vacant and ready for homes. Of the 15 occupied lots, three (3) have park owned homes and are available for sale.
With the lot rent revenue generating a Net Operating Income (NOI) after expenses of $56,162 the Park has a CAP rate of 4.01. That is pricing the 22 lots (20 developed and 2 undeveloped) at $1,150,000. The lots appraised in April of 2022 at $1,675,000. In summary, the lots are being sold for $52,272 each (22) while the appraised 2022 value was $80,000 each for the 20 developed lots.
Investment highlights
- 20 Mobile home lots on 5.5 acres + expansion of two additional undeveloped lots.
- Lots are being sold at ………$1,150,000
- 3 Park Owned Homes @…… $300,000
- Asking……………………………… $1,450,000 for package
- Property is in the city limits of Calhan with city water and sewer direct billed to tenants.
- Town maintained roads
- State required backflow prevention - installed 2023
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
