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108 6th St 21 Unit Mobile Home Park $1,450,000 ($69,048/Unit) Gilcrest, CO 80623
Investment Highlights
- Fully stabilized 21-pad mobile home park with 100% occupancy.
- Situated on a 2.238-acre site in Gilcrest, offering convenient access to major Northern Colorado highways.
- Benefits from a strong demand for affordable housing and limited competing supply in the region.
- All homes are tenant-owned, significantly reducing ongoing expenses for ownership.
- Below-market rents allow clear revenue growth through mark-to-market strategies.
- Supports long-term income stability backed by a dependable tenant base.
Executive Summary
108 6th Street presents a rare opportunity to acquire a fully stabilized 21-pad mobile home park in Gilcrest, Colorado. The property operates at 100% occupancy with all homes tenant-owned, delivering dependable income while minimizing operational complexity and ownership responsibilities. This tenant-owned structure significantly reduces ongoing maintenance and capital expenditures, making the investment particularly attractive for passive investors and seasoned operators alike.
Current rents trail the market by roughly 25%, creating an appealing pathway for revenue growth through incremental mark-to-market adjustments. This upside combines with a strong, reliable resident base and the resilient demand for affordable housing in Northern Colorado. Economic expansion, consistent population growth, and a limited supply of such communities further reinforce the long-term investment prospects.
Positioned within the Northern Colorado region with nearby access to U.S. Highway 85, the park benefits from regional connectivity and proximity to Greeley, Fort Collins, and the greater Denver metropolitan area. Coupled with its low-maintenance structure and stable income, this asset offers compelling short- and long-term potential for investors seeking predictable cash flow and equity growth.
Current rents trail the market by roughly 25%, creating an appealing pathway for revenue growth through incremental mark-to-market adjustments. This upside combines with a strong, reliable resident base and the resilient demand for affordable housing in Northern Colorado. Economic expansion, consistent population growth, and a limited supply of such communities further reinforce the long-term investment prospects.
Positioned within the Northern Colorado region with nearby access to U.S. Highway 85, the park benefits from regional connectivity and proximity to Greeley, Fort Collins, and the greater Denver metropolitan area. Coupled with its low-maintenance structure and stable income, this asset offers compelling short- and long-term potential for investors seeking predictable cash flow and equity growth.
Property Facts
| Price | $1,450,000 | Building Class | C |
| Price Per Unit | $69,048 | Lot Size | 2.24 AC |
| Sale Type | Investment | Building Size | 40,000 SF |
| No. Units | 21 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 2000 |
| Price | $1,450,000 |
| Price Per Unit | $69,048 |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 2.24 AC |
| Building Size | 40,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2000 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
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David Barocas -
Corey Sandberg -
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Morgan Wheeler -
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108 6th St
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