810 NW Cedar Avenue,Cedaredge, CO 81413
Cedaredge, CO 81413
Description
Great investment opportunity with this 9-Unit mobile home park, along with 3 extra lots to lease out or place additional trailers/manufactured homes. All units are park/Seller owned, with 8 currently lease and 1 vacant needing nominal renovations. Over the last 24± months the 8 units and grounds have undergone approx. $300,000 in renovations (original dates of units range from 1966-1983, albeit the 8 renovated are modernized). The in-place NOI of $102,296 generates an 8% CAP Rate, with upside from the 1 vacant trailer, and 3 lots. Upon full lease-up and a 5% Mkt. Vacancy, the projected cash-on-cash return with a 70% LTV is 11.05%. Nestled at the foot of Colorado's Grand Mesa, Cedaredge is a charming mountain town where small-town hospitality meets breathtaking natural beauty. With its sweeping views, mild four-season climate and rich agricultural heritage, Cedaredge offers a slower pace of life surrounded by orchards, vineyards and scenic trails. Listing agent is brother-in-law of Seller. Don't miss this awesome investment Opp, call or email now to tour the property!
Details
| MLS # | 825247 |
|---|---|
| Listing Type | For Sale |
| Style | Manufactured Home |
| Building Name | Boulder Park Mobile Home |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 14 |
| Listing Provided By | Grand Mesa Real Estate Services | Lucinda Stanley |
Features
| Bath(s) | 8 Total |
|---|---|
| SQ Feet | 8,300 |
| Story(s) | 1 |
| Units | 9 |
| Zoning | Mobile Home Park |
| Acreage | 2.00 |
Interior
| Furnished | Unfurnished |
|---|
Other
| List Aor | Delta County Board Of Realtors |
|---|
Taxes
| Property | 464 |
|---|
Market Activity 81413
Request a showing
Request a showing
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2025. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer
Real Estate listings held by companies other than CREN contain that company’s name.
Fair Housing Disclaimer
Contact
Learn More About This Property
| State | CO |
|---|---|
| County | Delta |
| City | Cedaredge |
| Zip Code | 81413 |
| Area | Surface Creek |
| Listing VS Median (in 81413) | |
Price: $1,295,000 low | high Med: $516,350 SqFt: 8,300 low | high Med: 3,688 $ / SqFt: $156 low | high Med: $173 On site: 14 low | high Med: 81.500000 | |