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131 Windy Gap Loop
Empire, CO 80438
Arapahoe Mobile Home Park · Multifamily Property For Sale
·
40,467 SF
Executive Summary
Pinnacle Real Estate Advisors is pleased to present the opportunity to acquire Arapahoe Mobile Home Park, a 14-pad manufactured housing community located along Colorado's I-70 mountain corridor in Empire, Clear Creek County.
All homes are tenant-owned, so an incoming owner assumes no park-owned home liability and benefits from a low-CapEx operating model. The property offers an immediate, stabilized yield a 6.55% as-is cap rate backed by documented T12 income. Below-market lot rents provide a clear, near-term path to additional value, with stabilized market income representing a nearly 31% increase over current in-place NOI.
All homes are tenant-owned, so an incoming owner assumes no park-owned home liability and benefits from a low-CapEx operating model. The property offers an immediate, stabilized yield a 6.55% as-is cap rate backed by documented T12 income. Below-market lot rents provide a clear, near-term path to additional value, with stabilized market income representing a nearly 31% increase over current in-place NOI.
Property Facts
| Price Per Unit | $137,894 CAD | Property Subtype | Manufactured Housing/Mobile Home |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.55% | Building Size | 40,467 SF |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2000 |
| Zoning | MH | ||
| Price Per Unit | $137,894 CAD |
| Sale Type | Investment |
| Cap Rate | 6.55% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | B |
| Building Size | 40,467 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Zoning | MH |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | - |
Property Taxes
| Parcel Number | 1837-301-00-005 | Improvements Assessment | $0 CAD |
| Land Assessment | $7,819 CAD | Total Assessment | $7,819 CAD |
Property Taxes
Parcel Number
1837-301-00-005
Land Assessment
$7,819 CAD
Improvements Assessment
$0 CAD
Total Assessment
$7,819 CAD
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