CRI Real Estate (Dylan Brazil) and EXP Realty (Amir Cackovic) are excited to announce the exclusive offering to acquire Shady Glen Estates, a high-quality mobile home community located at 450 Gladycon Rd, Colfax, CA 95713. This senior-only mobile home park spans over 28.82 acres and features 117 home sites with an average rent of $746 per site. Built in phases between 1966 and 1980, the community includes paved driveways and garages for part of the residents, providing modern and convenient living accommodations. The property also includes 16 storage sites, an office building, and a maintenance shop, complemented by recently remodeled amenities such as a clubhouse, pool, and laundry facility. With a density of 4.09 sites per acre, the park is spacious and well-designed for resident comfort. Currently, Shady Glen Estates is being hooked up to city water, with future plans to connect to city sewer utilizing grant funding, which enhances the long-term value and functionality of the park. The financial profile of Shady Glen Estates highlights a compelling investment opportunity. It is listed at a sale price of $11,800,000, with a price per site of $100,855. The property generates a projected Year 1 NOI of $744,587.65 reflecting a cap rate of 6.31%. There is significant upside potential, with a proforma NOI of $1,037,978.69 and a proforma cap rate of 8.80%. The property’s Year 1 gross income is projected at $1,454,971.54 with an underwritten expense ratio of 48.82%. These strong financial metrics, combined with the property’s desirable location in Colfax, CA, and the infrastructure improvements underway, make this an exceptional investment opportunity.