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USACOCedaredge810 Nw Cedar Ave
TRLR-1-12 - 810 Nw Cedar Ave, Home with 0 bedrooms, 8 bathrooms and null parking in Cedaredge CO | Image 1
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$1,295,000

Trlr-1-12 - 810 Nw Cedar Ave, Cedaredge, CO

Real Estate

For Sale

$--,---,---
080
  • Key Facts
  • Description
  • Map

Key Facts

Type Manufactured On Land
Levels Commercial Sale
Size 8300 sqft
Garage No
Maintenance Fees 
Taxes $465
Days Active 4
Approx. Age 
Avg. Price Per Sqft $156
MLS® Number 825247

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Great investment opportunity with this 9-Unit mobile home park, along with 3 extra lots to lease out or place additional trailers/manufactured homes. All units are park/Seller owned, with 8 currently lease and 1 vacant needing nominal renovations. Over the last 24± months the 8 units and grounds have undergone approx. $300, 000 in renovations (original dates of units range from 1966-1983, albeit the 8 renovated are modernized). The in-place NOI of $102, 296 generates an 8% CAP Rate, with upside from the 1 vacant trailer, and 3 lots. Upon full lease-up and a 5% Mkt. Vacancy, the projected cash-on-cash return with a 70% LTV is 11.05%. 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. Listing agent is brother-in-law of Seller. Don't miss this awesome investment Opp, call or email now to tour the property!Show Description
MLS® Number825247
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories1
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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