This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
This Multifamily Property is no longer advertised on LoopNet.com.

1207 Mullins Ln
La Junta, CO 81050
The Meadows of Santiago · Multifamily Property For Sale · 653,400 SF

Investment Highlights

  • 100 Spaces With 85% Occupancy
  • All Direct Billed Utilities
  • Located in Opportunity Zone
  • Year 1 CAP Rate of 7.22%
  • Year 1 Cash-on-Cash return of 14.17% with proposed financing
  • 28 POH / RTO Homes Asking $15,000 Per Home (POH income not included in NOI calculations)

Property Facts

No. Units 100
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Lot Size 15.64 AC
Building Size 653,400 SF
Average Occupancy 85%
No. Stories 1
Year Built 1972
Zoning MHP - Zoned for MHP

Property Taxes

Property Taxes

Parcel Number
4643-102-15007
Land Assessment
$2,439
Improvements Assessment
$32,684
Total Assessment
$35,123
  • Listing ID: 24269980

  • Date on Market: 10/11/2021

  • Last Updated:

  • Address: 1207 Mullins Ln, La Junta, CO 81050

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}