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Mobile Home Park

Clear Creek County MHP Portfolio

2038 Co Rd 308, Idaho Springs, CO 80452

Listing Price: $7,900,000

Cap Rate
4.75%
Number of Spaces
68
Lot Size
14.96 acres
Occupancy
99.0%
Price/Space
$116,176
Spaces/Acre
4.55
Year Built
1975

Investment Overview

Three-property portfolio comprised of 55 mobile home sites and 13 cabins/apartments. Western Inn- 2697 County Road 308, Dumont CO Lawson Village- 2038 County Road 308, Idaho Springs CO Empire Junction- 275 Junction Loop Road, Empire CO Located along Interstate-70, less than 40 miles from downtown Denver. Near Idaho Springs, Colorado. Located in fast-growing, high barrier to entry, mountain towns of the front range of Colorado. These mountain towns are all experiencing a shortages of affordable housing in a difficult development environment. All mobile homes are tenant-owned, historical occupancy near 100 percent.

Investment Highlights

  • All Three Properties Are Located Within Two Miles Of Each Other, Allowing Ease Of Management.
  • High Barrier To Entry Market.
  • Upside In Rental Rate In A Tight Housing Market.
  • Median Household Income $71,506 and A Median Housing Value Of $550,000 In Clear Creek County.
  • Closest Affordable Housing 50 Miles East.
  • Georgetown and Idaho Springs Undergoing Economic Initiatives Spurring Growth.

Exclusively Listed By

Mobile Home Park

Clear Creek County MHP Portfolio

Listing Price: $7,900,000

Cap Rate
4.75%
Number of Spaces
68
Lot Size
14.96 acres
Occupancy
99.0%
Price/Space
$116,176
Spaces/Acre
4.55
Year Built
1975

Investment Highlights

  • All Three Properties Are Located Within Two Miles Of Each Other, Allowing Ease Of Management.
  • High Barrier To Entry Market.
  • Upside In Rental Rate In A Tight Housing Market.
  • Median Household Income $71,506 and A Median Housing Value Of $550,000 In Clear Creek County.
  • Closest Affordable Housing 50 Miles East.
  • Georgetown and Idaho Springs Undergoing Economic Initiatives Spurring Growth.

Investment Overview

Three-property portfolio comprised of 55 mobile home sites and 13 cabins/apartments. Western Inn- 2697 County Road 308, Dumont CO Lawson Village- 2038 County Road 308, Idaho Springs CO Empire Junction- 275 Junction Loop Road, Empire CO Located along Interstate-70, less than 40 miles from downtown Denver. Near Idaho Springs, Colorado. Located in fast-growing, high barrier to entry, mountain towns of the front range of Colorado. These mountain towns are all experiencing a shortages of affordable housing in a difficult development environment. All mobile homes are tenant-owned, historical occupancy near 100 percent.

Exclusively Listed By

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