Aspen Homes Mobile Home Park | 875-895 Monument St
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Aspen Homes Mobile Home Park 875-895 Monument St
22 Unit Mobile Home Park £1,426,194 (£64,827/Unit) 7.90% Net Initial Yield 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
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.
3 park owned mobile homes
5 mobile homes with rent-to-own chattel mortgages
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 and an upside pro forma CAP of 11.51, this highly profitable property is a real gem. **20 developed “country sized” lots ** 2 undeveloped lots ** 3 Park Owned Mobile Homes ** 5 Rent-To-Own Homes ** 6 vacant, developed lots ** Tremendous Upside Potential. Contact Agent for Prospectus. This property is being sold in compliance with Colo. Rev. Statute 38-12-217
2 undeveloped "country size" mobile home large lots ready for utilities.
3 park owned mobile homes
5 mobile homes with rent-to-own chattel mortgages
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 and an upside pro forma CAP of 11.51, this highly profitable property is a real gem. **20 developed “country sized” lots ** 2 undeveloped lots ** 3 Park Owned Mobile Homes ** 5 Rent-To-Own Homes ** 6 vacant, developed lots ** Tremendous Upside Potential. Contact Agent for Prospectus. This property is being sold in compliance with Colo. Rev. Statute 38-12-217
Property Facts
| Price | £1,426,194 | Building Class | C |
| Price Per Unit | £64,827 | Lot Size | 4.68 AC |
| Sale Type | Investment | Building Size | 11,662 SF |
| Net Initial Yield | 7.90% | Average Occupancy | 75% |
| No. Units | 22 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1970 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 2.14/1,000 SF |
| Price | £1,426,194 |
| Price Per Unit | £64,827 |
| Sale Type | Investment |
| Net Initial Yield | 7.90% |
| No. Units | 22 |
| Property Type | Residential |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 4.68 AC |
| Building Size | 11,662 SF |
| Average Occupancy | 75% |
| Number of Floors | 1 |
| Year Built | 1970 |
| Parking Ratio | 2.14/1,000 SF |
zoning
| Zoning Code | N/A (There is no zoning in Calhan, CO) |
| 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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