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Mobile Home Park

Prairie Estates Mobile Home Park

22825 CO-94, Calhan, CO 80808

Listing Price: $7,700,000

Cap Rate
8.00%
Number of Spaces
99
Lot Size
172.94 acres
Occupancy
79.5%
Price/Space
$77,778
Spaces/Acre
0.57
Year Built
1975

Investment Overview

Manufactured housing park located at 22825 CO-94 Calhan Colorado due East of Colorado Springs. This 99-pad park has been occupied since the 1970’s and has the opportunity for major expansion in a growing area. There is a total of 172.94 acres directly off Highway 94 within a 13-minute drive of Schriever Air Force Base making this an affordable space for military personnel. This area has been identified as an opportunity zone and has sprung the new Mayberry residential housing development and community business center. There is ample opportunity to continue to grow the mobile home park & increase cash flow. There is abundant water available with the compacity to support up to 260 pads or other uses. The HWY-94 frontage could be developed as commercial. The park has recently undergone a major cleanup process, current management has made improvements to the landscaping and overall park presentation.

Investment Highlights

  • 99-Pads
  • 172.94 Acres of Land
  • Abundant On-Site Water Supports up to 260 Pads
  • Within a 13-Minute Drive of Schriever Air Force Base
  • Location Serves as Affordable Housing Option within the Colorado Springs Area

Exclusively Listed By

Financing By

Mobile Home Park

Prairie Estates Mobile Home Park

Listing Price: $7,700,000

Cap Rate
8.00%
Number of Spaces
99
Lot Size
172.94 acres
Occupancy
79.5%
Price/Space
$77,778
Spaces/Acre
0.57
Year Built
1975

Investment Highlights

  • 99-Pads
  • 172.94 Acres of Land
  • Abundant On-Site Water Supports up to 260 Pads
  • Within a 13-Minute Drive of Schriever Air Force Base
  • Location Serves as Affordable Housing Option within the Colorado Springs Area

Investment Overview

Manufactured housing park located at 22825 CO-94 Calhan Colorado due East of Colorado Springs. This 99-pad park has been occupied since the 1970’s and has the opportunity for major expansion in a growing area. There is a total of 172.94 acres directly off Highway 94 within a 13-minute drive of Schriever Air Force Base making this an affordable space for military personnel. This area has been identified as an opportunity zone and has sprung the new Mayberry residential housing development and community business center. There is ample opportunity to continue to grow the mobile home park & increase cash flow. There is abundant water available with the compacity to support up to 260 pads or other uses. The HWY-94 frontage could be developed as commercial. The park has recently undergone a major cleanup process, current management has made improvements to the landscaping and overall park presentation.

Exclusively Listed By

Financing By

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