460 Colfax Avenue - Manufactured Housing/Mobile Housing FOR SALE


Bennett, CO 80102
$2,735,000 USD
303-324-0241
460 Colfax Avenue, Bennett, CO for Sale
$2,735,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/13
null | Request Cap Rate

460 Colfax Avenue
Bennett, CO 80102


HIGHLIGHTS

  • Commercial Zoning
  • 13 Champion manufactured homes (2017-2019)
  • Develop an additional income stream with 100 ft of frontage along E. Colfax Avenue

OVERVIEW

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. The Champion manufactured homes are a spacious 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. Develop an additional income stream with 100 ft of high visibility frontage along E. Colfax Avenue and Town of Bennett commercial mixed-use zoning. Reimagine the approximately 1,200 sq ft 1940’s structure: perhaps future retail, or a convenient office for your growing enterprise. Invest in an area that has experienced a notable population increase since 2020, with an average annual growth rate of 8.7% in the Town of Bennett. The population in Bennett is projected to continue expansion at a 12% - 20% growth rate per year with projections through 7/1/2029. (Source: Town of Bennett publication, November 2024.) Convenient location for tenants, near Denver International Airport (Top 6 busiest airport in the world by 2024 passenger count), Colorado Air & Space Port, and the adjacent Data, Tech, and Industrial developments at Port Colorado & Rocky Mountain Rail Park. Total Price: $2,735,000: Bennett Homes: 13-Unit Manufactured Home Community: • Current Cap Rate: 5.71% • Pro Forma Cap Rate: 7.78% + 460 E Colfax Avenue: Additional Land Value, water tap, & 1940's structure.

FOR SALE DETAILS

PRICE

$2,735,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

13

PRICE/UNIT

$210,385

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bennett Homes & 460 E Colfax Ave

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

Commercial Mixed Use

APN/PARCEL ID

1815-27-3-24-007

ASK ABOUT THIS PROPERTY

Matt BrinkhoffColdwell Banker RealtyMore Info
303-324-0241

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Matt BrinkhoffColdwell Banker RealtyMore Info
303-324-0241

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