Brighton Mobile Home

Price: $752,350
Cap Rate: 10.000

Units: 28

Brighton , Colorado

Brighton Mobile Home Park is a 28 space all family park offering a tremendous return for a new owner. With a historical low vacancy of less than 2% annually and a great location on Main Street, this park offers tenants laundry facilities, a new well water system (including twin Softeners, a nitrate removal system, a chlorinator, and storage/distribution tanks), and nearby access to all of the major transportation systems in the greater Denver area. The parks 28 spaces are occupied by 27 tenant owned homes and one park owned rental. The entire community continues to receive inquires into available space due to the regional high demand for affordable housing. Current zoning is for I-2 (Industrial), the Mobile Home Park zoning has been grandfathered in and can continue existing operations. Although zoning restrictions prohibit expansion and / or renovation of the mobile home park, the property can continue to be operated as is.
Each tenant individually pays for the electricity and heating. The owner/landlord pays for water, sewer, and garbage. The park is connected to the city sewer system.
Brighton offers any new investor and unprecedented cash on cash return of over 15%.