Colorado Springs 2-Park Portfolio
Two-park manufactured housing portfolio in Colorado Springs MSA
Marketing description
Mueller & Hoffman, as exclusive agent for the owner, is pleased to present the opportunity to purchase the Colorado Springs Portfolio. This portfolio includes two manufactured housing communities located in the Colorado Springs metropolitan area: Security Mobile Home Park, a 52-site, all-ages community in Fountain, and Cascade Manufactured Housing Community, a 62-site, all-ages community in Colorado Springs. The properties feature 93% economic occupancy across 114 total sites, consisting of 92 manufactured home sites, 21 RV sites, and 1 site-built home.
This offering provides prospective investors the opportunity to acquire two well-located communities in a highly desirable metropolitan area with below-market rents in a market where high construction costs and limited single-family inventory have resulted in sustained elevated home prices, driving persistent demand for attainable housing options in the area. A new owner may recognize additional rental income upside through filling 6 vacant spaces. The properties are offered at $12,100,000, equating to a 6.14% cap rate on current income. With proposed financing, a new owner may achieve an IRR of approximately 18% over a ten-year holding period.
Investment highlights
Deal Room Link: http://properties.muellerhoffman.com/1639663-sale?template_id=5
◆ Two-Park Portfolio — 114-site Colorado Springs MSA portfolio: 52-site Security MHP (Fountain) and 62-site Cascade MHC (Colorado Springs). Available together or separately.
◆ Stabilized Occupancy — 95% physical / 93% economic across 92 MH, 21 RV, and 1 site-built site; occupied homes tenant-owned outside manager units.
◆ Below-Market Rents + Vacancy Upside — Rents trail Colorado Springs comps, offering clear mark-to-market potential plus income upside from 6 vacant spaces.
◆ Density Upside at Cascade — Eight lots splittable into separate sites, expanding to 70 sites and ~$80K in added annual revenue at current rents.
◆ Resilient MSA Economy — Anchored by Fort Carson, Peterson/Schriever Space Force Bases, U.S. Space Command, UCHealth, and a growing aerospace cluster driving durable Front Range growth.
◆ Attractive Levered Returns — Offered at $12,100,000 (6.14% in-place / 6.61% Year 1 cap); proposed agency financing yields ~18% projected IRR and 7.32% Year-1 cash-on-cash over a 10-year hold.
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