2388 State Highway 135, Gunnison, CO 81230
57 Unit Mobile Home Park | $5,700,000 ($100,000/Unit) | 5.42% Cap Rate | Gunnison, CO 81230
For Sale
Active
Asking Price $5,700,000
- Property Type
-
Multifamily
- Square Feet
- 500,940 SF
Listing Contacts
Mark Hodge
Property Overview
Mobile home park located about 1 mile north of Gunnison Colorado and 25 miles south of Crested Butte Colorado in Gunnison County. The property consists of 57 lot spaces, a 4 bedroom/1 bathroom house, and a storage building. This sale only includes the real estate as none of the trailers are landlord-owned. Lot rents on 50 existing tenants are going from $545 to $585 beginning 10/1/24. As trailers sell to new owners, the rents are being brought to fair market rent. Five lots are currently rented for $725 and rent for new tenants is $800.
Water is provided by three wells. Sewer is provided by Gunnison County. Electricity and natural gas are individually metered. The property is easily accessed year-round by Colorado state highway 135 and the lots are accessed via gravel roads. Gunnison county has a very tight housing and rental market and this property stays leased.
Measurements & sale comparable data have been taken from sources such as county records and news articles and should not be relied upon. Financials are pro-forma and are based upon historical data and future estimates. Buyers should conduct their own due diligence.
Water is provided by three wells. Sewer is provided by Gunnison County. Electricity and natural gas are individually metered. The property is easily accessed year-round by Colorado state highway 135 and the lots are accessed via gravel roads. Gunnison county has a very tight housing and rental market and this property stays leased.
Measurements & sale comparable data have been taken from sources such as county records and news articles and should not be relied upon. Financials are pro-forma and are based upon historical data and future estimates. Buyers should conduct their own due diligence.
Property Details
- Class
- C
- Year Built
- 1974
- Stories
- 1
- Property Subtype
- Manufactured Housing/Mobile Home
- Lot Size (sq. ft)
- 500,940 SF
- Units
- 57
Highlights
- Tight rental market
- Under market rents - $800 per space for new tenants
- Annual rent increase to $585 per space being implemented for existing tenants 9/1/24
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