875-895 Monument St - Manufactured Housing/Mobile Housing FOR SALE


Calhan, CO 80808
$1,400,000 USD
719-257-3949
875-895 Monument St, Calhan, CO for Sale
$1,400,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/23
null | 7.9% Cap Rate

875-895 Monument St
Calhan, CO 80808


HIGHLIGHTS

  • Selling below apprised value. $1,400,000 for the lots. $98,000 for the 5 rent-to-own Notes paying $52,000 (2023). $330,000 for three park owned hom

OVERVIEW

20 developed “country size” mobile home large lots all with city utilities. 2 undeveloped "country size" mobile home large lots ready for utilities. Also available - 3 park owned mobile homes +$300,000 5 mobile homes with rent-to-own chattel mortgages (Notes) offered at 80% P.V. +$98,186 (establishes 7.9 CAP) Asking Below Appraised Value Mobile Home Park in the Colorado Springs bedroom community of Calhan, Colorado. Opportunities like this don’t often come around. 20 developed “country size” large lots all with city utilities. With a current CAP of 7.90 (lots + Notes) and an upside pro forma CAP of 11.51, this highly profitable property is a real gem. Package includes: **20 developed “country sized” lots ** 2 undeveloped lots ** 3 Park Owned Mobile Homes ** 5 Rent-To-Own Homes ** 5 vacant, developed lots ** Entire Package for only $1,800,000. Tremendous Upside Potential. Contact Agent for Prospectus. This property is being sold in compliance with Colo. Rev. Statute 38-12-217 ***Sellers are willing to sell the SFH*** Contact Cameron Yost, Seller's Agent, for complete information

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

22

PRICE/UNIT

$63,636

CAP RATE

7.9%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aspen Homes Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

25

LAND DETAILS

LAND ACRES

4.68 AC

LAND SF

203,861 SF

ZONING

N/A

APN/PARCEL ID

22023-00-036,93000-00-824,93000-05-077,93000-07-992,93100-08-351,93100-09-953

ASK ABOUT THIS PROPERTY

Cameron YostKimmel RealtyMore Info
719-257-3949

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Cameron YostKimmel RealtyMore Info
719-257-3949

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