1079 U.S. 85, Walsenburg, CO 81089

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The MHP Value Team is pleased to offer for sale Dakota MH & RV Park, a 66-site mobile home & long-term RV community located in Walsenburg, CO.

The community currently has 3 tenant-owned homes paying $450/m, 15 park-owned homes paying $737/m, 24 long-term RVs on year long leases paying $650/m, 6 park-owned RVs paying $750/m, 3 occupied transient RV sites at $45/day, 1 apartment paying $750/m, 2 single-family homes to be leased back by close at $1,500/m, and 1 commercial unit to be leased back at close at $2,000/m. There are also 3 vacant lots and 8 vacant RV spaces. In addition, the park is permitted for 85 total spaces, and expansion is possible. The park operates with full-time management, and runs at ~50% expense ratio. This is an opportunity to acquire a 83% occupied asset with new water mains in front of the park to support the expansion plans. An investor can achieve an entry cap at ~9% and double-digit cash on cash returns day 1. An existing operator has many opportunities to increase value. You can either bring in more mobile homes to make for a stronger exit or infill the existing vacant lots with RV rentals.

Important Note to Prospective Buyers from Pace Morby: Congrats to all new members of the Pace Morby “Creative Finance” and “Subto” communities. We appreciate your interest and enthusiasm. Please note that we work exclusively with qualified, verified buyers. Our clients are not seeking first-time purchasers attempting to acquire mobile home parks with no capital investment. We will also not share proprietary Seller information with any intermediaries, including, but not limited to, scouts, “bird dogs,” or third parties.