2900 Sherman Ave
Monte Vista, CO 81144
Country Mobile Home Park · Multifamily Property For Sale · 66,000 SF

The Country Mobile Home Park built in 1972 is an all-age 84-space park consisting of 63 single wide spaces and 21 RV spaces. It encompasses 6.10 acres and includes a 750 square foot remodeled office with a bathroom and shower. Parking is adequate throughout the park with plenty of extra street parking for guests. There is mature landscaping, consisting of trees, shrubs, mowed lawns and common areas. Roads are composite packed gravel base. Many space sites have manicured lawns and gardens. Water and sewer are provided by Monte Vista City services and billed back to tenants by the landlord. Gas and electric are provided by Xcel Energy and billed direct to tenants. Trash is included in the space rent. There are no park owned homes (POH) and ten homes on rent-to-own (RTO) contracts. Rental income from the RTO contracts is not included in the Gross Revenue, and therefore not part of the underwriting, however, the RTO contracts will be transfered to Buyer at closing a no cost. Although there are some long-term RV rentals in the park, the majority of RV spaces lease up in mid to late summer. Last years revenue from RV’s is included in the gross revenue. Marketing for long-term RV rentals could substantially increase occupancy in the RV section of the park and add significant income upside. There is a full time, daily on-site manager and full time maintenance person who lives in the park and takes care of all of the day-to-day operations and maintenance.