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Mobile Home Park

M&M Mobile Home Park

15770 E Colfax Ave, Aurora, CO 80011

Listing Price: $3,300,000

Cap Rate
5.92%
Number of Spaces
45
Lot Size
2.60 acres
Occupancy
82.0%
Price/Space
$73,333
Spaces/Acre
17.31
Year Built
1990

Investment Overview

M&M Mobile Home Park is a 45-site mobile home community located in Aurora, Colorado, less than 30 minutes outside of Denver. The community consists of 31 mobile home sites (30 park owned homes and 1 lot rent), 5 apartment units, 7 storage units, 1 single family home, and 1 office. There are asphalt roads throughout, and the property operates on city water and sewer. Residents are responsible for their own electricity and the community pays for water, sewer, and trash. Aurora, Colorado is the third largest city in the state of Colorado according to Auroragov.org with a population of 388,723. The residents and visitors of Aurora have access to the many great local attractions of Denver including Downtown Denver, Denver Art Museum, Buffalo Bill Museum and Grave, the Colorado Railroad Museum, and many more. According to Denverpost.com, the population of Denver grew by almost 20% since 2010 and is continuing a steady growth annually. The major employers in the area include Dex Media, Wagner Equipment Company, Nelnet Group, and Corporate Express. M&M Mobile Home Park is a great opportunity for an investor to increase rental rates to market and increase the occupancy in the storage units and single-family house which are currently not generating any income. The asset is located less than 15 minutes from the major highway Interstate 70 and 20 minutes away from the Denver International Airport. There is also a Walmart Supercenter and Hinkley High School less than 20 minutes away. M&M Mobile Home Park is being offered at a day one cap rate of 5.92% percent and a pro forma cap rate of 6.68 percent.

Investment Highlights

  • Located 20 Minutes from Denver International Airport
  • Operates on City Water and Sewer
  • 5.92% Day One Cap Rate
  • Opportunity to Increase Income

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Mobile Home Park

M&M Mobile Home Park

Listing Price: $3,300,000

Cap Rate
5.92%
Number of Spaces
45
Lot Size
2.60 acres
Occupancy
82.0%
Price/Space
$73,333
Spaces/Acre
17.31
Year Built
1990

Investment Highlights

  • Located 20 Minutes from Denver International Airport
  • Operates on City Water and Sewer
  • 5.92% Day One Cap Rate
  • Opportunity to Increase Income

Investment Overview

M&M Mobile Home Park is a 45-site mobile home community located in Aurora, Colorado, less than 30 minutes outside of Denver. The community consists of 31 mobile home sites (30 park owned homes and 1 lot rent), 5 apartment units, 7 storage units, 1 single family home, and 1 office. There are asphalt roads throughout, and the property operates on city water and sewer. Residents are responsible for their own electricity and the community pays for water, sewer, and trash. Aurora, Colorado is the third largest city in the state of Colorado according to Auroragov.org with a population of 388,723. The residents and visitors of Aurora have access to the many great local attractions of Denver including Downtown Denver, Denver Art Museum, Buffalo Bill Museum and Grave, the Colorado Railroad Museum, and many more. According to Denverpost.com, the population of Denver grew by almost 20% since 2010 and is continuing a steady growth annually. The major employers in the area include Dex Media, Wagner Equipment Company, Nelnet Group, and Corporate Express. M&M Mobile Home Park is a great opportunity for an investor to increase rental rates to market and increase the occupancy in the storage units and single-family house which are currently not generating any income. The asset is located less than 15 minutes from the major highway Interstate 70 and 20 minutes away from the Denver International Airport. There is also a Walmart Supercenter and Hinkley High School less than 20 minutes away. M&M Mobile Home Park is being offered at a day one cap rate of 5.92% percent and a pro forma cap rate of 6.68 percent.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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