910 Water St - Residential LAND FOR SALE


Meeker, CO 81641 | 159,613 SF
$1,270,000 USD
303-669-2475
910 Water St, Meeker, CO for Sale
$1,270,000 USD
Residential LAND - FOR SALE
1/5
159,613 SF

910 Water St
Meeker, CO 81641


HIGHLIGHTS

  • Management fees well above market — normalizing to industry standard adds ~$27K to NOI at closingx
  • Vacant and underutilized units represent straightforward lease-up opportunity
  • Majority of TOH lots at below-market rents — organic growth as leases roll at expiration
  • RV pad infrastructure supports conversion to long-term residential use — significant NOI upside

OVERVIEW

Pinnacle Real Estate Advisors presents 910 Water St. — an exceptional opportunity to acquire Circle N MHP and River Bend RV Park, a unique combination of manufactured housing and seasonal RV income in Meeker, Colorado. The property includes 19 tenant-owned home lots, two long-term RV spaces, staff housing, and 10 seasonal RV spaces, along with approximately 8 acres offering dual river access. Located in a supply-constrained affordable housing market with limited competing inventory, the property offers strong current occupancy and multiple avenues for value creation. 910 Water St. generates $64,943 in current annualized NOI at a 5.11% cap rate, with projected stabilized NOI of $121,679 at a 9.58% cap rate through lease-up, rent optimization, management efficiencies, and increased RV Park income.

FOR SALE DETAILS

PRICE

$1,270,000 USD

PRICE/ACRE

$346,600/AC

PRICE/SF

$8 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Circle N & River Bend MHP

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

-

LAND ACRES

3.66 AC

LAND SF

159,611 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

R001050

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.