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Browse More Listings in Multifamily For Sale, Bayfield, CO or Colorado

Multifamily Property For Sale

Highland Park

1591 CR 526, Bayfield, CO 81122

Price:
$1,490,000
No. Spaces:
37
Price/Space:
$40,270.27
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
8.10%
Occupancy:
100%
Lot Size:
8.26 AC
Find Out More...

Last Verified 10/25/2009 Listing ID 16097345

Description

8.26 acre Mobile Home Park-37 spaces.New construction in 2003 with all City utilities. Paved streets & sidewalks. Lawn sprinkler system on every lot- irrigation water. All newer homes with hardboard siding, pitched shingle roofs. 30 single wide lots with 16x80 homes- 7 double wide lots. 100% occupancy since built. The space rent brings in $13,000 a month We also have $1,000,000 in notes for homes that we have sold and are carrying paying 9.5%. They bring in about $12,000 a month. Can be sold with or without the notes. We also have a 150 unit mini storage adjoining this property for sale which brings in $10,000 a month

Located in southwest Colorado just east of Durango, within the City limits of Bayfield. The area boasts 2 ski resorts, 3 lakes, and mountain wilderness for hiking, biking or camping. Prime fishing in the lakes and area rivers.

Financial Summary

Space Mix Information

Debt & Equity Information

Actual
Net Operating Income
$121,600

Description	No. Spaces	Avg. Mo. Rent
single wide spaces	30	$350
double wide spaces	7	$400

Map of 1591 CR 526, Bayfield, CO 81122 (La Plata County)

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Contact Listing Broker

David Anderson (970) 946-5505

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Created 2/10/2009

Additional Information for 1591 County Road 526, Bayfield, CO 81122

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Highland Park

1591 CR 526, Bayfield, CO, 81122