Pinnacle Real Estate Advisors presents 1325 Market St. — a 17-unit manufactured housing community in Meeker, Colorado, offering a diversified mix of 8 tenant-owned home lots, 4 park-owned homes, 4 RV spaces, staff housing, and vacant units. The property provides multiple sources of residential income and benefits from Meeker’s supply-constrained affordable housing market, where limited competing inventory supports continued demand for workforce housing.
River View MHP currently generates $48,180 in annualized NOI at a 6.22% cap rate, with a clear path to $61,646 in stabilized NOI at a 7.95% cap rate. The property offers near-term upside through lease-up of vacant units, bringing existing rents toward market levels, and optimizing management and operating expenses.