2431-2433 Central Ave - Manufactured Housing/Mobile Housing FOR SALE


Canon City, CO 81212
$2,561,001 USD
719-240-8678
2431-2433 Central Ave, Canon City, CO for Sale
$2,561,001 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/19
null | 7.5% Cap Rate

2431-2433 Central Ave
Canon City, CO 81212


HIGHLIGHTS

  • Solid Rental History
  • Units Are Park-Owned
  • 4,100 SF Storage Building Included

OVERVIEW

Welcome to Canon City’s Central Avenue Mobile Home Community, a hidden gem nestled in the breathtaking beauty of Canon City, Colorado. This charming mobile home park features 23 park-owned, renovated units 2 being stick-built homes. With a nearly 100% occupancy rate and an average monthly rent of $1200, this property promises a steady and reliable income stream for investors looking for 7.5+% cap rate investment opportunities. As an added bonus, the property has 4100 square foot building that currently sits vacant. This versatile space offers an excellent opportunity for further income generation. This mobile home park is more than just a real estate investment; it's a well-maintained, income-generating asset set against the backdrop of Canon City's natural beauty. With renovated units, stick-built homes, and additional rental potential, this property offers a unique blend of stability and growth, making it an exceptional opportunity for investors looking to capitalize on the thriving Canon City real estate market.

FOR SALE DETAILS

PRICE

$2,561,001 USD

PRICE/SF

$120 USD /SF

# OF UNITS

22

PRICE/UNIT

$116,409

CAP RATE

7.5%

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Central Avenue MHC

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.5 AC

LAND SF

152,460 SF

ZONING

MH-1

APN/PARCEL ID

000012002110

ASK ABOUT THIS PROPERTY

Jami Baker-OrrKeller Williams Performance ReMore Info
719-240-8678

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Jami Baker-OrrKeller Williams Performance ReMore Info
719-240-8678

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