7364 US 40 - Manufactured Housing/Mobile Housing FOR SALE


Empire, CO 80438
$1,100,000 USD
303-669-2475
7364 US 40, Empire, CO for Sale
$1,100,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/11
null | 6.08% Cap Rate

7364 US 40
Empire, CO 80438


OVERVIEW

- 16 total units — 10 RV/MH sites, 5 cabin-style apartment units, 1 single-family house - 12.74 acres along US Highway 40 with direct highway frontage - Public water supply; septic sewer system (landlord pays) - Electric and gas — public utilities, tenant pays - Rash removal via dumpster, landlord pays - Gravel roads, privately maintained - Clear Creek runs along the southern boundary - Zoned Planned Development (PD) — legally conforming use PROPERTY HIGHLIGHTS - All tenant-owned homes and RVs — no park-owned home liability or capital exposure - Below-market rents on all occupied RV sites provide additional upside on lease renewal - US Highway 40 frontage positioned 45 minutes from Denver and minutes from the ski corridor - Stabilized proforma NOI of $149,370 supports a value well above current asking price

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$2 USD /SF

# OF UNITS

100

PRICE/UNIT

$11,000

CAP RATE

6.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clear Creek Cabins

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

PARKING SPACES

32

LAND DETAILS

LAND ACRES

12.74 AC

LAND SF

554,954 SF

ZONING

PD

APN/PARCEL ID

1839-212-01-200

ASK ABOUT THIS PROPERTY

David BarocasPinnacle Real Estate AdvisorsMore Info
303-669-2475

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David BarocasPinnacle Real Estate AdvisorsMore Info
303-669-2475

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