Aspen Homes Mobile Home Park

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 included in this sale.​ Five (5) homes have been sold to the residents and the Seller is holding Chattel Mortgages which are included in this sale at Present Value.​

With the lot rent revenue generating a Net Operating Income (NOI) after expenses of $66,284 the Park has a CAP rate of 4.73.​ That is pricing the 22 lots (20 developed and 2 undeveloped) at $1,400,000.​ The lots appraised in April of 2022 at $1,675,000.​ In summary, the lots are being sold for $63,636 each while the appraised 2022 value was $80,000 each for the 20 developed lots.​

Add to the lot rent revenue NOI the Chattel Mortgage (Notes) payments of $52,167 (PV cost + NOI equals $118,451, a CAP of 7.9.​

There is a single-family house near the front and center of the park on separate parcel (885 Monument St) that may be included in this sale to an interested, qualified Buyer with an acceptable offer.​

• ​

  20 Mobile home lots on 5.5 acres + expansion of two additional undeveloped lots.

• ​

  Lots are being sold at ………$1,400,000

• ​

  5 Promissory Notes at PV = $108,000 ($52,167 cash income payments 2023)

• ​

  3 Park Owned Homes @…… $330,000

• ​

  Asking……………………………… $1,800,000 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