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POWERED BY PURLIN.AI

810 NW Cedar Ave

cedaredge, CO 81413

$1,195,000

    Interested? Let's Connect

    Great investment opportunity with this 9-Unit mobile home park, along with 3 extra lots to lease out or place additional trailers/manufactured homes. All units are park/Seller owned, with 8 currently leased, and 1 vacant needing nominal renovations. Over the last 24+- months the 8 units, and grounds have undergone approx. $300,000 in renovations (original dates of units range from 1966-1983, albeit the 8 renovated are modernized). The in-place NOI of $102,296 generates an 8.56% CAP Rate, with upside from the 1 vacant trailer, and 3 lots. Upon full lease-up and a 5% Mkt. Vacancy the projected cash-on-cash return with a 70% LTV is 12.55%. 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. Listing agent is brother-in-law of Seller. Don’t miss this awesome investment Opp, call or email now to tour the property!

    Details

    8,300 Sq Ft

    2 Private Acres Lot Size

    commercial

    $539 Annual Tax

    Built in 1966

    MLS/Listing ID 9211359

    Boulder Park Mobile Home Park

    1 Stories

    9 Units

    Amenities & Features

    Parking - Gravel

    Lot - Corner Lot

    Lot - Landscaped

    Construction - Metal Siding

    Metal

    Estimate my mortgage

    TOTAL MONTHLY COST

    $0

    • PRINCIPAL & INTEREST

      $0

    • PROPERTY TAXES

      $0

    • Common Charges

      $0

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    Interested In 810 NW Cedar Ave?