Prime Investment Opportunity - Mobile Home Park Near Downtown Greeley Investor alert! This 15-lot mobile home park sits on 1.09 acres in the heart of Greeley, just two blocks from downtown 8th Ave and only minutes from UNC. With two trailers included and current lot rents at $550/month, there is… Read More ample room for rent increases, making this a fantastic income-producing property or redevelopment opportunity in a rapidly growing area. Property Highlights: Lot Size: 1.09 acres Lots: 15 (2 trailers included) Current Rent: $550 per lot (potential for increase) Cap Rate: 6.5% Asking Price: $1,350,000 Zoning: Commercial income propertyDowntown Greeley has experienced significant growth and is poised for continued expansion, making this an excellent opportunity for investors looking to capitalize on future development or generate strong rental income. The park is being sold as-is, and financials are pro-forma, based on historical data and future estimates. Due Diligence Required - Buyers should verify all information independently. Don't Miss Out on this Unicorn Property!NOTE: Address is 1626 1/2 6th ave Greeley, Co 80631 Read Less
Courtesy of Ruth Bustillos, KW Realty Downtown, LLC, 9703015724.
Listing Snapshot
Days Online
7
Last Updated
Property Type
Income Property
Lot Size
1.09 Acres
Year Built
1998
MLS Number
1028685
30 Days Snapshot Of 80631
$409k
+12%
(avg) sold price
34
+112%
homes sold
61
-25%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Architectural Style: "Ranch", Construction Materials: "Wood/Frame", Has Improvements: No, Total Sq Ft: 1000, Levels: "One", Living Area Source: Other, Living Area Units: Square Feet, Stories: 1, Year Built: 1998
Basement
Basement: "None"
Income
Gross Income: 99000, Income Includes: "Lease/Rents", Net Operating Income: 88893
Heating
Heating: "None"
Taxes
Has Metro Tax District: No, Tax Annual Amount: 3387
Water Features
Has Water Rights: No, Water Source: "City Water", "City of Greeley"
Utilities
Is Water Meter Installed: Yes, Utilities: "None"
Lot
Lot Features: "Mineral Rights Excluded", Lot Size Acres: 1.09, Lot Size Area: 47654, Lot Size Square Feet: 47654, Lot Size Units: Square Feet
Expenses
Operating Expense: 10107
Property
Parcel Number: R0038390, Possible Use: "Mobile Homes", Property Condition: "Not New, Previously Owned", Property Sub Type: Income Property, Property Type: Residential Income, Road Surface Type: "Road Improvement Needed", "Dirt"
Tenant Pays
Tenant Pays: "Water"
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