2435 Lake Ave - Manufactured Housing/Mobile Housing FOR SALE


Pueblo, CO 81004
$1,150,000 USD
719-924-5206
2435 Lake Ave, Pueblo, CO for Sale
$1,150,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/25
null | 9% Cap Rate

2435 Lake Ave
Pueblo, CO 81004


HIGHLIGHTS

  • A rare investment opportunity in the heart of the Lake Minnequa area, Shamrock Mobile Home Park with Apartments offers strong income potential
  • 2 lots under 1 ownership totaling 1.46 acres. Opportunity Zone
  • Convenient to St. Mary-Corwin Hospital, I-25, retail along Pueblo Blvd, and Lake Minnequa Park

OVERVIEW

A rare investment opportunity in the heart of the Lake Minnequa area, Shamrock Mobile Home Park with Apartments offers strong income potential across 1.46 acres and 35 total rental spaces. Both lots at 2400 & 2435 Lake Avenue are included in the one list price, creating a versatile and well-located property with multiple revenue streams. This established community includes: * 23 mobile home pads that comprise of: 14 park-owned mobile homes (4 of the 14 need repairs), 6 tenant-owned mobiles (lot rent only), park-owned camper trailers occupy 3 pads; * 11 one-story studio and one-bedroom apartment units; and * 1 corner single-family house in need of TLC that could offer potential income as a rental unit, laundry facility, or other income possibilities. Residents enjoy convenient access to I-25, St. Mary-Corwin Hospital, Lake Minnequa Park’s outdoor recreation, Wal-Mart, restaurants, and shopping, making this a desirable location for stable occupancy. (Square footage listed refers to the single-family home and apartment buildings.) This property is being sold in compliance with Colorado Revised Statute 38-12-217.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$247 USD /SF

# OF UNITS

35

PRICE/UNIT

$32,857

CAP RATE

9%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

R-E/MU

APN/PARCEL ID

1-5-13-2-44-001,15-141-05-011

ASK ABOUT THIS PROPERTY

Alayna KoehnHomeSmartMore Info
719-924-5206

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Alayna KoehnHomeSmartMore Info
719-924-5206

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.