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$ 2,330,000
Est. payment | /mo
16,150 SqFt
$ 2,330,000
Est. payment | /mo
16,150 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,150 sqft
Price per Sqft $144
MLS Listing ID 9993695
HOA Y/N No
Year Built 1940
Annual Tax Amount $7,450
Tax Year 2023
Lot Size 1.320 Acres
Acres 1.32
Property Sub-Type Multi Family
Source recolorado
Property Description
New Price! Opportunity to own multiple income streams in the growing town of Bennett. The 13-unit manufactured home community is turnkey with newer Champion homes (2017 to 2019), park-owned, rented, and included in the sale. Each unit is separately metered for gas and electric. The community is served with city water and sewer, each unit having a sub meter system for individual water utility billing. New water supply, sewer line, electric and gas utilities infrastructure installed on the property prior to new manufactured homes beginning in 2017. The Champion manufactured homes are 1,150 sq ft, 2 bed/2 bath layout, with 2x6 exterior walls, smart siding, 50yr Malarkey Legacy shingles (2021), and a two-car driveway directly in front of each unit. Registered with the Colorado Division of Housing Mobile Home Park Oversight Program (MHPOP) as Bennett Homes, MHP-003371. *Note: All units are park-owned* Develop an additional income stream with 100 ft of high visibility Colfax Ave frontage and commercial mixed-use zoning. Reimagine the approximately 1,200 sq ft 1940's structure: a convenient location and great visibility for your growing enterprise? Primary uses for the Colfax Ave frontage location are: Retail and convenience store, restaurant, personal and business services, and professional office. Invest in an area with notable population increase since 2020, an average annual growth rate of 8.7% in the Town of Bennett. Convenient location to Denver International Airport (Top 4 busiest airport in the U.S. by 2025 passenger count), Colorado Air & Space Port, and the adjacent Data, Tech, and Industrial developments at Port Colorado & Rocky Mountain Rail Park.
•Bennett Homes: 13-Unit Manufactured Home Community = $2,200,000:
Projected first year Cap Rate: 7.27% + (including professional management)
•460 E Colfax Avenue = $225,000:
Additional Land Value with 100 ft high-visibility frontage, water tap, & 1940's structure.
•Total = $2,425,000.
**List Price: $2,330,000.
•Bennett Homes: 13-Unit Manufactured Home Community = $2,200,000:
Projected first year Cap Rate: 7.27% + (including professional management)
•460 E Colfax Avenue = $225,000:
Additional Land Value with 100 ft high-visibility frontage, water tap, & 1940's structure.
•Total = $2,425,000.
**List Price: $2,330,000.
Location
State CO
County Adams
Zoning Commercial
Interior
Fireplace N
Exterior
Parking Features Concrete
Utilities Available Electricity Connected, Internet Access (Wired), Natural Gas Connected
Total Parking Spaces 26
Garage No
Building
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Coldwell Banker Realty 24
NEARBY SCHOOL & BUSINESS
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Jen Langhals
Broker Associate | IA.100097765