2388 State Highway 135 - Manufactured Housing/Mobile Housing FOR SALE


Gunnison, CO 81230
$5,700,000 USD
970-343-7770
2388 State Highway 135, Gunnison, CO for Sale
$5,700,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/6
null | 5.42% Cap Rate

2388 State Highway 135
Gunnison, CO 81230


HIGHLIGHTS

  • Tight rental market
  • Under market rents - $825 per space for new tenants
  • Annual rent increase to $585 per space

OVERVIEW

Mobile home park located about 1 mile north of Gunnison Colorado and 25 miles south of Crested Butte Colorado in Gunnison County. The property consists of 57 lot spaces, a 4 bedroom/1 bathroom house, and a storage building. This sale only includes the real estate as none of the trailers are landlord-owned. Lot rents on 50 existing tenants are going from $545 to $585. As trailers sell to new owners, the rents are being brought to fair market rent. Five lots are currently rented for $725 and rent for new tenants is $800. Water is provided by three wells. Sewer is provided by Gunnison County. Electricity and natural gas are individually metered. The property is easily accessed year-round by Colorado state highway 135 and the lots are accessed via gravel roads. Gunnison county has a very tight housing and rental market and this property stays leased. Measurements & sale comparable data have been taken from sources such as county records and news articles and should not be relied upon. Financials are pro-forma and are based upon historical data and future estimates. Buyers should conduct their own due diligence.

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$11 USD /SF

# OF UNITS

57

PRICE/UNIT

$100,000

CAP RATE

5.42%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ski Town Village

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

PARKING SPACES

57

LAND DETAILS

LAND ACRES

11.5 AC

LAND SF

500,940 SF

ZONING

Mixed Use

APN/PARCEL ID

R010075,R010076

ASK ABOUT THIS PROPERTY

Mark HodgeSKI TOWN VILLAGE LLCMore Info
970-343-7770

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Mark HodgeSKI TOWN VILLAGE LLCMore Info
970-343-7770

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