Mobile Home Park with Apartments in the Lake Minnequa area. Both properties at 2400 and 2435 are being offered together for the one list price. The lots contain a total of 1.46 acres and 34 income spaces: *14 park-owned homes * 11 studio apartments * 9 rental lots for mobile… Read More homes (5 are occupied by tenant-owned mobile homes). Estimated 6.9% Cap Rate based on the $1.45M list price by renting 13 mobile homes at $750-$1,000 per month, 11 apartments renting at $700-$925 per month and 9 lot only spaces renting at $475 per month with operating expenses of $94,607 and net operating income of $104,220. Of the 14 mobile homes, 4 are not currently rented due to needing repairs/renovation to be rented. There is also a house on the property that needs a remodel, along with the possibility of adding a few more lots to the existing space at 2435. Located within easy access to I-25, St. Mary-Corwin Hospital, Lake Minnequa outdoor activities, Wal-Mart, restaurants, and shopping. This property is being sold in compliance with Colorado Revised Statute 38-12-217. Read Less
Total Area: 4648, Established in 1931, Building Name: Shamrock Trailer Park
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Miscellaneous
Business Description: Mobile Home Park with 11 studio apartments, 14 park owned mobile homes and 9 lot-only rental spaces. 2400 and 2435 Lake Avenue are offered together. Both properties total 1.46 acres., Business Name: Shamrock Mobile Home Park, Business Price Includes: Inventory, Business Type: "Mobile/Trailer Park"
Property
Zoning: RE-MU
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