CO
Delta
Cedaredge
81413
810 NW Cedar Avenue Ave
810 NW Cedar Avenue Ave, Cedaredge, CO 81413
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Listing Type
Commercial/Industrial
Listing Status
active
28
$1,195,000

Home Details for 810 NW Cedar Avenue Ave

Price
$1,195,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1966
Lot size acres
2
County
Delta
Garage
Days on site
30
MLS Listing#
9211359
Property 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 leased, 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 8.56% 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 12.55%. 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!

Property Features
  • Water Features
    • Public
  • Utilities
    • Electricity Available
  • Parking
    • Gravel
Listing Courtesy: Tyler Donegan Duncan Real Estate Services, Inc. - 301-370-3611
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EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK
383 Inverness Parkway Suite 140, Englewood, CO 80112
Sheryll White Broker. 303 790 7200
Dawn Campbell
Associate Broker
Office
303 790 7200
Agent
303 408 3229
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