Recent Price Improvement: Opportunity to own multiple income streams in the growing town of Bennett. The 13-unit manufactured home community is turnkey with newer Champion homes (2017 to 2019), park-owned, rented, and included in the sale. Each unit is separately metered for gas and electric. The community is served with city water and sewer, each unit having a sub meter system for individual water utility billing. New water supply, sewer line, electric and gas utilities infrastructure installed on the property prior to new manufactured homes beginning in 2017. The Champion manufactured homes are 1,150 sq ft, 2 bed/2 bath layout, with 2x6 exterior walls, smart siding, 50yr Malarkey Legacy shingles (2021), and a two-car driveway directly in front of each unit. Registered with the Colorado Division of Housing Mobile Home Park Oversight Program (MHPOP) as Bennett Homes, MHP-003371. *Note: All units are park-owned* Develop an additional income stream with 100 ft of high visibility Colfax Ave frontage and commercial mixed-use zoning. Reimagine the approximately 1,200 sq ft 1940’s structure: a convenient location and great visibility for your growing enterprise? Primary uses for the Colfax Ave frontage location are: Retail and convenience store, restaurant, personal and business services, and professional office. Invest in an area with notable population increase since 2020, an average annual growth rate of 8.7% in the Town of Bennett. Convenient location to Denver International Airport, Colorado Air & Space Port, and the adjacent Data, Tech, and Industrial developments at Port Colorado & Rocky Mountain Rail Park.
•Bennett Homes: 13-Unit Manufactured Home Community = $2,200,000:
Projected first year Cap Rate: 7.27% + (including professional management)
•460 E Colfax Avenue = $225,000:
Additional Land Value with 100 ft high-visibility frontage, water tap, & 1940's structure.
•Total = $2,425,000.
**List Price: $2,330,000.