For Sale
$8,900,000

CO USA Idaho SpgSaint Mary's, CO 80452

High-Yield Mountain Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional portfolio comprises five mobile home parks totaling 110 units, strategically located in the desirable Colorado mountains near Idaho Springs. Boasting a strong 10.37% cap rate and projected annual revenue exceeding $1.3 million, this Class B property offers immediate double-digit cash-on-cash returns and a substantial net operating income (NOI) of over $900,000. The portfolio's prime location, west of the Denver Metro area, provides residents with unparalleled access to both world-class outdoor recreation (including nearby ski resorts) and employment opportunities in the thriving tourism and service industries. The high demand for affordable housing in this region, fueled by major employers and attractions, ensures consistent occupancy and strong rental income. This investment presents a rare opportunity to capitalize on the robust Colorado market, offering a compelling blend of mountain living and exceptional financial returns. The properties are situated along major interstates, providing convenient access to amenities and employment centers such as Colorado Mills and Belmar shopping centers. The mix of mobile home, cabin, and RV spaces caters to a diverse range of residents, further enhancing the portfolio's appeal and stability. This is an exceptional opportunity for investors seeking immediate, substantial returns in a highly sought-after location.

Highlights

  • Exceptional investment opportunity in a high-demand Colorado mountain region, boasting irreplaceable interstate locations and proximity to popular recreation.
  • Portfolio features mobile home, cabin, and RV spaces, delivering immediate double-digit returns and a 10%+ cap rate.
  • Projected annual revenue exceeds $1.3 million, with NOI surpassing $900,000, ensuring strong cash flow.
  • Prime location west of Denver offers a blend of mountain living and convenient access to urban amenities.
  • High demand for affordable housing fueled by nearby major employers (resorts, mines, hospitality) and attractions like Colorado Mills and Belmar shopping centers, supporting strong occupancy rates.

Property Details for CO USA Idaho Spg

Property type
Mobile home & RV parks
Class
B
Units
110

Location Insight

City
Saint Mary's
County
Clear Creek
State
Colorado
Latitude
39.7942815
Longitude
-105.6177942
CO USA Idaho Spg, Saint Mary's, Colorado

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CO USA Idaho Spg
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