908 Market St - Residential LAND FOR SALE


Meeker, CO 81641 | 67,949 SF
$1,305,000 USD
303-669-2475
908 Market St, Meeker, CO for Sale
$1,305,000 USD
Residential LAND - FOR SALE
1/2
67,949 SF

908 Market St
Meeker, CO 81641


HIGHLIGHTS

  • Management fees well above market — normalizing to industry standard adds ~$27K to NOI at closing
  • Majority of TOH lots at below-market rents — organic growth as leases roll at expiration
  • First institutional MHP offering in this market in years — limited buyer competition

OVERVIEW

Pinnacle Real Estate Advisors presents 908 Market St. — a well-established 26-unit manufactured housing community in Meeker, Colorado, featuring 15 tenant-owned home lots, 8 park-owned homes, and 3 apartments. The property offers a diversified residential income stream with public water, sewer, electric, and gas utilities paid by tenants, and benefits from its location within Meeker’s supply-constrained affordable housing market. White River MHP is currently 100% occupied and generates $80,144 in current annualized NOI at a 6.14% cap rate, with a clear path to $147,897 in stabilized NOI at an 11.33% cap rate. Upside is driven by bringing TOH and POH rents toward projected market levels, optimizing management expenses, and improving overall operating efficiency.

FOR SALE DETAILS

PRICE

$1,305,000 USD

PRICE/ACRE

$836,583/AC

PRICE/SF

$19 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

White River MHP

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

-

LAND ACRES

1.56 AC

LAND SF

67,950 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

-

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.