For Sale
$1,450,000

2401 Main St Cañon City, CO 81212

17-unit mobile home park, high NOI

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 2.4-acre multi-tenant property located at 2401 & 2485 E. Main St, Cañon City, CO 81212 (APN: 2401 = 12000440 / 2485 = 12000450). The property encompasses a thriving 17-unit mobile home park, including one single-family home and one duplex, plus four storage sheds. Recent improvements include road resurfacing, two mobile home renovations, landscaping enhancements, and over $10,000 in waterline and sewer line upgrades. The property benefits from on-site property management and presents significant value-add potential. Several vacant spaces allow for the addition of new mobile home units, while one unit is ready for complete replacement. Two additional vacant land areas offer further development opportunities. The property boasts a strong financial performance, with a current Net Operating Income (NOI) of $118,075 and an attractive capitalization rate of 8.14%. This well-maintained property offers a compelling investment opportunity in a desirable location. The asking price is $1,450,000. Financial statements are available upon request.

Highlights

  • 8.14% Cap Rate.
  • $118,075 Net Operating Income (NOI).
  • Updated Rent Roll Provided.
  • Revised Income and Expense Statement Available.

Property Details for 2401 Main St

Property type
Retail properties, Mobile home & RV parks
Lot Size (sq. ft)
104,544 SF
Units
17

Location Insight

City
Cañon City
County
Fremont
State
Colorado
Latitude
38.4473491
Longitude
-105.2119162

FAQs

What type of property is this?
Retail property - 17-unit mobile home park, high NOI
Where is the retail property located?
The property is located at 2401 Main St Cañon City, CO.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 8.14% Cap Rate.; $118,075 Net Operating Income (NOI).; Updated Rent Roll Provided.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2401 Main St
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