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2435 Lake Ave 35 Unit Mobile Home Park $1,150,000 ($32,857/Unit) 9% Cap Rate Pueblo, CO 81004

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Investment Highlights

A rare investment opportunity in the heart of the Lake Minnequa area, Shamrock Mobile Home Park with Apartments offers strong income potential
Convenient to St. Mary-Corwin Hospital, I-25, retail along Pueblo Blvd, and Lake Minnequa Park

2 lots under 1 ownership totaling 1.46 acres. Opportunity Zone

Executive Summary

A rare investment opportunity in the heart of the Lake Minnequa area, Shamrock Mobile Home Park with Apartments offers strong income potential across 1.46 acres and 35 total rental spaces. Both lots at 2400 & 2435 Lake Avenue are included in the one list price, creating a versatile and well-located property with multiple revenue streams. This established community includes: * 23 mobile home pads that comprise of: 14 park-owned mobile homes (4 of the 14 need repairs), 6 tenant-owned mobiles (lot rent only), park-owned camper trailers occupy 3 pads; * 11 one-story studio and one-bedroom apartment units; and * 1 corner single-family house in need of TLC that could offer potential income as a rental unit, laundry facility, or other income possibilities. Residents enjoy convenient access to I-25, St. Mary-Corwin Hospital, Lake Minnequa Park’s outdoor recreation, Wal-Mart, restaurants, and shopping, making this a desirable location for stable occupancy. (Square footage listed refers to the single-family home and apartment buildings.) This property is being sold in compliance with Colorado Revised Statute 38-12-217.

Property Facts

Price	$1,150,000	Building Class	C
Price Per Unit	$32,857	Lot Size	1.46 AC
Sale Type	Investment	Building Size	4,648 SF
Cap Rate	9%	Average Occupancy	96%
No. Units	35	No. Stories	1
Property Type	Multifamily	Year Built/Renovated	1930/2019
Property Subtype	Manufactured Housing/Mobile Home Multifamily Apartments	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	R-E/MU - Multi-family

Price	$1,150,000
Price Per Unit	$32,857
Sale Type	Investment
Cap Rate	9%
No. Units	35
Property Type	Multifamily
Property Subtype	Manufactured Housing/Mobile Home Multifamily Apartments
Apartment Style	Low-Rise
Building Class	C
Lot Size	1.46 AC
Building Size	4,648 SF
Average Occupancy	96%
No. Stories	1
Year Built/Renovated	1930/2019
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-E/MU - Multi-family