Investment Overview

River Village mobile home park is a 61-site mobile home park located in Buena Vista, Colorado. The space mix is comprised of 33 park-owned homes, 28 mobile home lot rents, and city approval to develop 12 additional spaces. The property operates on well water and city sewer which are paid for by the ownership as. The residents are responsible for paying electric and gas while the property pays for trash. Buena Vista is located in Central Colorado, conveniently located a few hours from Denver and Colorado Springs. Buena Vista is a laid-back mountain town with a friendly and welcoming vibe. the economy and population are steady and healthy, with an extremely low crime rate. In addition, Buena Vista schools are ranked well above State averages and have a strong athletics program. The area is popular for just about any outdoor activity that comes to mind and has a mild year-round climate. In an effort to combat the affordable housing crisis in Buena Vista, Fading West Development began construction on The Farm, a “pocket community” offering an attainable, safe, beautiful, and diverse neighborhood for the local workforce. Phase I of construction concluded in 2021 and consisted of 90 housing units. Phase II construction began in 2022 and includes 11 detached homes, 40 townhome units, a 77-unit apartment complex, and four new green spaces. The work of Fading West has continued into 2024 with the groundbreaking in April for Midland Apartments. Bleecker Seaman, President of Fading West Capital Partners, said “The typical home price in Buena Vista is approaching $600,000 and home price appreciation has risen at a 12.6 percent compounded annual rate. Rental inventory is also extremely limited meaning that almost no affordable long-term rentals are available, making projects like Midland Apartments all the more important to our community.”.