810 NW Cedar Ave - Manufactured Housing/Mobile Housing FOR SALE


Cedaredge, CO 81413
$1,850,000 USD
303-968-4675
810 NW Cedar Ave, Cedaredge, CO for Sale
$1,850,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/30
null | 8.59% Cap Rate

810 NW Cedar Ave
Cedaredge, CO 81413


HIGHLIGHTS

  • Recent completion of $600,000 in renovations
  • 100% leased
  • Market experiencing low vacancies and solid rent growth.

OVERVIEW

Great investment opportunity with this 12-Unit mobile home park fully leased. Over the last 24+- months, 9 units and grounds have undergone extensive renovations and 3 newly constructed units have been added. . The in-place estimated NOI of $159,000 generates an 8.6% CAP Rate. Nestled at the foot of Colorado’s Grand Mesa, Cedaredge is a charming mountain town where small-town hospitality meets breathtaking natural beauty. With its sweeping views, mild four-season climate, and rich agricultural heritage, Cedaredge offers a slower pace of life surrounded by orchards, vineyards, and scenic trails. However, its close to the larger vibrant employment centers of Grand Junction, Montrose and Delta. Listing agent is brother-in-law of Seller. Don’t miss this awesome investment Opp, call or email now to tour the property!

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

12

PRICE/UNIT

$154,167

CAP RATE

8.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boulder Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

R3

APN/PARCEL ID

R002536

ASK ABOUT THIS PROPERTY

Charles ShapiroTyler Duncan Realty PartnersMore Info
303-968-4675

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Charles ShapiroTyler Duncan Realty PartnersMore Info
303-968-4675

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