Wells Mobile Home Village

22 Unit Mobile Home Park | $2,800,000 ($127,273/Unit) | 7% Cap Rate | Canon City, CO 81212

Asking Price $2,800,000

Property Type: Multifamily
Square Feet: 21,270 SF

Listing Contacts

Tony Greer

Verified Profile

Property Info

Property Overview

Welcome to Canon City’s Central Avenue Mobile Home Community, a hidden gem nestled in the breathtaking beauty of Canon City, Colorado. This charming mobile home park features 23 park-owned, renovated units 2 being stick-built homes. With a nearly 100% occupancy rate and an average monthly rent of $1200, this property promises a steady and reliable income stream for investors looking for 7+% cap rate investment opportunities. As an added bonus, the property has 4100 square foot building that currently sits vacant. This versatile space offers an excellent opportunity for further income generation. This mobile home park is more than just a real estate investment; it's a well-maintained, income-generating asset set against the backdrop of Canon City's natural beauty. With renovated units, stick-built homes, and additional rental potential, this property offers a unique blend of stability and growth, making it an exceptional opportunity for investors looking to capitalize on the thriving Canon City real estate market.

Property Details

Class: C
Year Built/Renovated: 1975/2022
Stories: 1
Property Subtype: Manufactured Housing/Mobile Home
Lot Size (sq. ft): 152,460 SF
Units: 22

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