460 Colfax AveBennett, CO 80102

Property Details for 460 Colfax Ave

Year built

1940

Lot size

1.32 AC

Property size (Sq ft)

1,200 SF

Property type

Mobile home & RV parks

APN

R0180861

APU

R0180861

Description

This exceptional investment opportunity presents a 13-unit manufactured home park situated on a 1.32-acre lot at 460 E Colfax Avenue in Bennett, Colorado. The park boasts thirteen spacious, 1,150 sq ft, 2-bedroom, 2-bathroom Champion manufactured homes, built between 2017 and 2019. Each unit features separate gas and electric meters, and the park is conveniently served by city water and sewer with individual sub-metering for water utility billing. Recent upgrades include 50-year Malarkey Legacy shingles installed in 2021. Each home also includes a two-car driveway. The property offers significant upside potential with approximately 1,200 sq ft of existing building space, currently configured as a service garage, situated on 100 feet of high-visibility frontage along E. Colfax Avenue. This area is zoned for commercial use, presenting opportunities for retail or office space development. The property is priced at $2,735,000. Benefit from the strong growth in the Bennett area, experiencing a 22% population increase within a 15-minute radius from 2020 to 2023 (based on U.S. Census Bureau data). The location offers convenient access to Denver International Airport, Colorado Air & Space Port, and the Rocky Mountain Rail Park industrial development project. This turnkey operation provides multiple income streams and significant future development possibilities in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $279,291

  6.5%

  $257,807

  7%

  $239,393

• Comparable approach

  Method

  Valuation

  Relative Method

  $364,874

  Geo Method

  $153,673

• Alternative Use

  Use

  Valuation

  Residential

  $257,807

  Hospitality

  $236,150

  Educational

  $196,474

  Medical

  $203,231

  Retail

  $305,627

Location Insight

City

Bennett

County

Adams

State

Colorado

Latitude

39.7552

Longitude

-104.428

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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