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Clear Creek Cabins 7364 US 40 100 Unit Mobile Home Park $1,558,491 CAD ($15,585 CAD/Unit) 6.08% Cap Rate Empire, CO 80438
Executive Summary
- 16 total units — 10 RV/MH sites, 5 cabin-style apartment units,
1 single-family house
- 12.74 acres along US Highway 40 with direct highway frontage
- Public water supply; septic sewer system (landlord pays)
- Electric and gas — public utilities, tenant pays
- Rash removal via dumpster, landlord pays
- Gravel roads, privately maintained
- Clear Creek runs along the southern boundary
- Zoned Planned Development (PD) — legally conforming use
PROPERTY HIGHLIGHTS
- All tenant-owned homes and RVs — no park-owned home
liability or capital exposure
- Below-market rents on all occupied RV sites provide additional
upside on lease renewal
- US Highway 40 frontage positioned 45 minutes from Denver
and minutes from the ski corridor
- Stabilized proforma NOI of $149,370 supports a value well
above current asking price
1 single-family house
- 12.74 acres along US Highway 40 with direct highway frontage
- Public water supply; septic sewer system (landlord pays)
- Electric and gas — public utilities, tenant pays
- Rash removal via dumpster, landlord pays
- Gravel roads, privately maintained
- Clear Creek runs along the southern boundary
- Zoned Planned Development (PD) — legally conforming use
PROPERTY HIGHLIGHTS
- All tenant-owned homes and RVs — no park-owned home
liability or capital exposure
- Below-market rents on all occupied RV sites provide additional
upside on lease renewal
- US Highway 40 frontage positioned 45 minutes from Denver
and minutes from the ski corridor
- Stabilized proforma NOI of $149,370 supports a value well
above current asking price
Property Facts
| Price | $1,558,491 CAD | Building Class | B |
| Price Per Unit | $15,585 CAD | Lot Size | 12.74 AC |
| Sale Type | Investment | Building Size | 554,954 SF |
| Cap Rate | 6.08% | No. Stories | 1 |
| No. Units | 100 | Year Built | 1935 |
| Property Type | Multifamily | Parking Ratio | 10.19/1,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | PD - Owner is permitted to add 8 camping sites and a 324 SF laundry/bath house. | ||
| Price | $1,558,491 CAD |
| Price Per Unit | $15,585 CAD |
| Sale Type | Investment |
| Cap Rate | 6.08% |
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | B |
| Lot Size | 12.74 AC |
| Building Size | 554,954 SF |
| No. Stories | 1 |
| Year Built | 1935 |
| Parking Ratio | 10.19/1,000 SF |
| Zoning | PD - Owner is permitted to add 8 camping sites and a 324 SF laundry/bath house. |
Amenities
Site Amenities
- Picnic Area
- Waterfront
- Pond
1 1
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 1839-212-01-200 | Improvements Assessment | $57,334 CAD |
| Land Assessment | $34,767 CAD | Total Assessment | $92,101 CAD |
Property Taxes
Parcel Number
1839-212-01-200
Land Assessment
$34,767 CAD
Improvements Assessment
$57,334 CAD
Total Assessment
$92,101 CAD
Contacts
-
David Barocas -
Andrew Monette -
Corey Sandberg -
Morgan Wheeler -
Pinnacle Real Estate Advisors
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Clear Creek Cabins | 7364 US 40
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