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810 NW Cedar Ave 12 Unit Mobile Home Park $2,579,048 CAD ($214,921 CAD/Unit) 8.59% Cap Rate Cedaredge, CO 81413
Investment Highlights
- Recent completion of $600,000 in renovations
- Market experiencing low vacancies and solid rent growth.
- 100% leased
Executive Summary
Great investment opportunity with this 12-Unit mobile home park fully leased. Over the last 24+- months, 9 units and grounds have undergone extensive renovations and 3 newly constructed units have been added. . The in-place estimated NOI of $159,000 generates an 8.6% CAP Rate. Nestled at the foot of Colorado’s Grand Mesa, Cedaredge is a charming mountain town where small-town hospitality meets breathtaking natural beauty. With its sweeping views, mild four-season climate, and rich agricultural heritage, Cedaredge offers a slower pace of life surrounded by orchards, vineyards, and scenic trails. However, its close to the larger vibrant employment centers of Grand Junction, Montrose and Delta. Listing agent is brother-in-law of Seller. Don’t miss this awesome investment Opp, call or email now to tour the property!
Property Facts
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 672 - 840 |
| 3+1 | 1 | - | 768 |
| 3+1.5 | 1 | - | 980 |
| 3+2 | 6 | - | 784 - 1,568 |
1 1
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R002536 | Improvements Assessment | $3,025 CAD |
| Land Assessment | $9,149 CAD | Total Assessment | $12,175 CAD |
Property Taxes
Parcel Number
R002536
Land Assessment
$9,149 CAD
Improvements Assessment
$3,025 CAD
Total Assessment
$12,175 CAD
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810 NW Cedar Ave
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