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34363913
34363914

203 8th Street, Gilcrest, CO 80623 For Sale

VO
CO FA.100110560
Pinnacle Real Estate Advisors
CS
CO FA100074750
Pinnacle Real Estate Advisors
DB
CO FA100075939
Pinnacle Real Estate Advisors
Pinnacle Real Estate Advisors
Listed by Pinnacle Real Estate Advisors
$350,000
10 days on market
Updated 8 days ago

Stabilized MHP w/ Expansion Upside

Details
Property Type Mobile Home Park, Multifamily
Sub Type Apartment Building
Units 5
NOI $18,425
Tenancy Multi
Pro-Forma NOI $26,171
Acreage 0.350
Investment Type Value Add

Stabilized MHP w/ Expansion Upside

Marketing description

Pinnacle Real Estate Advisors is pleased to present the exclusive listing of 203 8th Street, a clean, stable, and in-demand investment opportunity in Gilcrest, Colorado. The Property consists of a 4-pad mobile home park with three park-owned homes, a one-bedroom apartment, and the opportunity to add an additional rental unit, creating immediate value-add potential. All units are serviced by city water and sewer, reducing infrastructure risk and minimizing the maintenance concerns often associated with private utility systems.

Located in the growing Northern Colorado market, the Property benefits from sustained demand for affordable housing and a limited supply of attainable housing options. Stable in-place income, diversified revenue streams, and the ability to increase future cash flow through an additional rental unit position the asset as an attractive investment opportunity. With its manageable size, public utility infrastructure, and location in a supply-constrained market, 203 8th Street offers investors dependable current income with meaningful upside potential.

Investment highlights

  • Bite-sized $350K investment
  • 5-unit mobile home park with 3 park-owned homes, 1 apartment, and 1 vacant pad ready for an additional home
  • Immediate upside by placing a home on the existing vacant pad
  • Public water & sewer
  • Stable in-place cash flow with significant upside potential
  • Value-Add Opportunity presents Double-Digit Cap Rate Potential

Listing Contacts

VO
CO FA.100110560
Pinnacle Real Estate Advisors
CS
CO FA100074750
Pinnacle Real Estate Advisors
DB
CO FA100075939
Pinnacle Real Estate Advisors
Pinnacle Real Estate Advisors
Listed by Pinnacle Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$18,425.00
$1,535.42/mo

Valuation Metrics

0
DSCR
5.26%
Cap Rate
5.26%
ROI

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Additional Information

Name
Van Oakley Myers
License
FA.100110560
Brokerage
Pinnacle Real Estate Advisors
Brokerage Phone
(303) 962-9555
Title
Associate Advisor
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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