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757 County Road 308

Hoff & Leigh brings you a profitable mobile home park and covered land play with I-70 frontage.

Listing Contacts

Active

Asking Price: $850,000
Address 

757 Co Rd 308, Downieville-Lawson-Dumont, CO 80436

Show on Map
Date Added
Mar 10, 2021
Days on Market
1503 days
Time Since Last Update
26 days

Details

Property TypeLand, Mobile Home Park, Multifamily
SubtypeCommercial, RV Park, Single Family Rental Portfolio
Investment TypeStabilized
ClassC
Net Rentable (sq ft)5,522
Cap Rate6.56%
Pro-Forma Cap Rate8.49%
Occupancy100%
Occupancy Date10/15/2024
NOI$55,726
Pro-Forma NOI$72,206
Units6
Pads6
Year Renovated2020
Buildings6
Stories1
ZoningC-1
Lot Size (acres)1.359
Price/Acre (Land Value)$607,064/acre
Broker Co-OpYes
Price/Pad$141,666.67

Marketing Description

Hoff & Leigh brings you a highly profitable mobile home park with stabilized income with I-70 frontage and

over 50,000 cars per day! The property is fully leased with annual lease agreements and rent increases; the

property already generates $99,147 in annual gross income with potential for increased growth.​

Recent renovations including a new roof on the cabin have the property primed and ready for a hands-off investor to

collect checks.​ The property has 6 units total with 3 park owned mobile homes, 1 park owned cabin, and two

lot rentals.​ As a covered land play, zoning allows for a variety of uses including restaurant, retail, office, and

industrial.​ A short 40 min drive to downtown Denver and to the major ski resorts makes it ideal for ski town

workers or even as short-term rentals.​

For more info, please text/call: Michael Crawford 720.683.0399.​

Mcrawford@HoffLeigh.​com

Key Details:

$850,000 listing price 

Current CAP rate: 6.56%  (including 8% mgmt fee)

Proforma CAP rate: 8.5%  (self-managed, no vacancy, market rents)   

Current Gross Income: $99,147

Current NOI: $55,727 (including 8% mgmt fee)

3,574sf Park Owned Buildings

1.359 acre lot situated in Dumont between Denver and Ski resorts

The property has 6 units total:  5 mobile homes and 1 cabin

Well Water, City Sewer and Xcel Electric/Gas

 

Property Details:

100% occupancy, No vacancies

"Tenant" mobile homes are owned by property owner.​  Lot rent mobile homes are owned by tenants & pay lot rent.​ 

5 trailers + 1 cabin (new roof 2023).​  

1 park owned cabin, 3 park owned mobile homes (Unit 1, Unit 2, Unit 5), and two lot rental mobile homes owned by Tenant (Unit 4 and Unit 6)

Investment Highlights

  • Great investment opportunity with stabilized income ideal for a covered land-play or redevelopment opportunity

  • Current CAP Rate: 6.56% (including 8% mgmt fee)

  • Proforma CAP Rate: 8.5% (market rents, self-managed, no vacancy)  

  • Gross Income (Apr 2025): $99,147

  • NOI (Apr 2025): $55,727 (Including 8% mgmt fee)

  • 50,000+ VPD

  • Located in Dumont On High Traffic I-70 Frontage Road Between Denver and Ski Resorts

  • Well Water, City Sewer, Xcel electric/gas

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$55,726.00
$4,643.83/mo

Valuation Metrics

0
DSCR
6.56%
Cap Rate
6.56%
ROI
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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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Additional Information
Broker Name
Michael Crawford
Broker License
CO FA 100076473
Brokerage Name
Hoff & Leigh Denver
Broker Title
Senior Broker
Brokerage Address
6454 South Quebec Street, Centennial, United States 80111
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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