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Aspen Homes Mobile Home Park 875-895 Monument St 22 Unit Mobile Home Park $1,400,000 ($63,636/Unit) 7.90% Cap Rate Calhan, CO 80808
INVESTMENT HIGHLIGHTS
- Selling below apprised value. $1,400,000 for the lots. $98,000 for the 5 rent-to-own Notes paying $52,000 (2023). $330,000 for three park owned hom
- Single Family Home (885 Monument Street) just became available (March 1) and can be included in sale. Make Offer
EXECUTIVE SUMMARY
20 developed “country size” mobile home large lots all with city utilities.
2 undeveloped "country size" mobile home large lots ready for utilities.
Also available -
3 park owned mobile homes +$300,000
5 mobile homes with rent-to-own chattel mortgages (Notes) offered at 80% P.V. +$98,186 (establishes 7.9 CAP)
Asking Below Appraised Value
Mobile Home Park in the Colorado Springs bedroom community of Calhan, Colorado. Opportunities like this don’t often come around. 20 developed “country size” large lots all with city utilities. With a current CAP of 7.90 (lots + Notes) and an upside pro forma CAP of 11.51, this highly profitable property is a real gem. Package includes: **20 developed “country sized” lots ** 2 undeveloped lots ** 3 Park Owned Mobile Homes ** 5 Rent-To-Own Homes ** 5 vacant, developed lots ** Entire Package for only $1,800,000. Tremendous Upside Potential. Contact Agent for Prospectus. This property is being sold in compliance with Colo. Rev. Statute 38-12-217
***Single Family Home (885 Monument St) available March 1 and can be included in the sale. Make OFFER*** Contact Cameron Yost, Seller's Agent, for complete information
2 undeveloped "country size" mobile home large lots ready for utilities.
Also available -
3 park owned mobile homes +$300,000
5 mobile homes with rent-to-own chattel mortgages (Notes) offered at 80% P.V. +$98,186 (establishes 7.9 CAP)
Asking Below Appraised Value
Mobile Home Park in the Colorado Springs bedroom community of Calhan, Colorado. Opportunities like this don’t often come around. 20 developed “country size” large lots all with city utilities. With a current CAP of 7.90 (lots + Notes) and an upside pro forma CAP of 11.51, this highly profitable property is a real gem. Package includes: **20 developed “country sized” lots ** 2 undeveloped lots ** 3 Park Owned Mobile Homes ** 5 Rent-To-Own Homes ** 5 vacant, developed lots ** Entire Package for only $1,800,000. Tremendous Upside Potential. Contact Agent for Prospectus. This property is being sold in compliance with Colo. Rev. Statute 38-12-217
***Single Family Home (885 Monument St) available March 1 and can be included in the sale. Make OFFER*** Contact Cameron Yost, Seller's Agent, for complete information
PROPERTY FACTS
| Price | $1,400,000 | Building Class | C |
| Price Per Unit | $63,636 | Lot Size | 4.68 AC |
| Sale Type | Investment | Building Size | 11,662 SF |
| Cap Rate | 7.90% | Average Occupancy | 75% |
| No. Units | 22 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 2.14/1,000 SF |
| Zoning | N/A - There is no zoning in Calhan, CO | ||
| Price | $1,400,000 |
| Price Per Unit | $63,636 |
| Sale Type | Investment |
| Cap Rate | 7.90% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 4.68 AC |
| Building Size | 11,662 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 2.14/1,000 SF |
| Zoning | N/A - There is no zoning in Calhan, CO |
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Aspen Homes Mobile Home Park | 875-895 Monument St
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