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Mobile Home Park

Kremmling Mobile Home Park

1013 Park Ave, Kremmling, CO 80459

Listing Price: $2,200,000

Cap Rate
4.69%
Lot Size
0.77 acres
Occupancy
100.0%
Year Built
2000

Investment Overview

The subject property, Kremmling Central Park, is an all-age 20 open mobile home park located in Kremmling, Colorado. With a population of approximately 12,000 people, Kremmling is located roughly halfway between Summitt County and Steamboat Springs.

Kremmling Central provides affordable housing for several residents who commute to Steamboat and Summitt county. Steamboat is one of the top 3 ski resorts in Colorado, while Summitt County is home to the Breckenridge, Copper Mountain, and Keystone ski resorts, all of which are popular all-season destinations in Colorado. The median home price in Steamboat is in excess of $1.1 million (relator.com). Kremmling is also known as a popular hunting and fishing destination for the serious outdoorsman.

All utilities are public and are directly billed to the tenants, including trash disposal. Rents are below market compared to all other forms of housing in the county MSA. There is minimal competition for housing alternatives in Kremmling and nearby cities.

Investment Highlights

  • Extreme Lack of Affordable Housing in Kremmling/Steamboat MSA
  • Several tenants Commute 52 Miles to Steamboat Resort (Top 3 Resort in CO)
  • Median Home Price in Steamboat Springs Exceeds $1.1 Million (Realtor.com)
  • Kremling Falls About Halfway Between Summitt County and Steamboat Springs
  • 19 Tenant-Owned Homes, 1 Park-Owned Home
  • All Public Utilities, Directly Billed to Tenants
  • Immediate Upside in Rents
  • Kremmling is a Year-Round Tourism Mecca for Hunting and Fishing

Exclusively Listed By

Financing By

Mobile Home Park

Kremmling Mobile Home Park

Listing Price: $2,200,000

Cap Rate
4.69%
Lot Size
0.77 acres
Occupancy
100.0%
Year Built
2000

Investment Highlights

  • Extreme Lack of Affordable Housing in Kremmling/Steamboat MSA
  • Several tenants Commute 52 Miles to Steamboat Resort (Top 3 Resort in CO)
  • Median Home Price in Steamboat Springs Exceeds $1.1 Million (Realtor.com)
  • Kremling Falls About Halfway Between Summitt County and Steamboat Springs
  • 19 Tenant-Owned Homes, 1 Park-Owned Home
  • All Public Utilities, Directly Billed to Tenants
  • Immediate Upside in Rents
  • Kremmling is a Year-Round Tourism Mecca for Hunting and Fishing

Investment Overview

The subject property, Kremmling Central Park, is an all-age 20 open mobile home park located in Kremmling, Colorado. With a population of approximately 12,000 people, Kremmling is located roughly halfway between Summitt County and Steamboat Springs. Kremmling Central provides affordable housing for several residents who commute to Steamboat and Summitt county. Steamboat is one of the top 3 ski resorts in Colorado, while Summitt County is home to the Breckenridge, Copper Mountain, and Keystone ski resorts, all of which are popular all-season destinations in Colorado. The median home price in Steamboat is in excess of $1.1 million (relator.com). Kremmling is also known as a popular hunting and fishing destination for the serious outdoorsman. All utilities are public and are directly billed to the tenants, including trash disposal. Rents are below market compared to all other forms of housing in the county MSA. There is minimal competition for housing alternatives in Kremmling and nearby cities.

Exclusively Listed By

Financing By

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