18055 Co RdOrdway, CO 81063

Property Details for 18055 Co Rd

Year built

2017

Lot size

21.60 AC

Property size (Sq ft)

16,000 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

Exceptional investment opportunity in Ordway, Colorado, this thriving mobile home park and attached RV park sits on over 21 acres. Currently boasting 59 spaces (16 mobile home sites, all fully occupied, and 29 RV sites, mostly occupied), this Class A property offers significant income potential. The 16 mobile homes are owned by the park and feature upgraded amenities including metal roofs, gutters, insulated skirting, central air, and fenced yards with storage sheds. The park also includes a coin-operated laundry facility, utility rooms with new water heaters, and three secure bathrooms, two with walk-in showers (one handicap accessible). An on-site manager's residence with three bedrooms and one bathroom is conveniently located next to the amenities, along with a large pole barn. The property features a 10-acre expansion area, presenting further development opportunities. The property's strong financial performance is reflected in its 10.09% cap rate and $237,108 NOI. Built in 2017 and renovated in 2024, the property is zoned A and includes 29 parking spaces. The asking price is $2,350,000. An owner carry option is available with 20% down at 6.5% interest for 15 years. All information should be independently verified by the buyer.

Location Insight

City

Ordway

County

Crowley

State

Colorado

Latitude

38.2145

Longitude

-103.746

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