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Bennett Homes & 460 E Colfax Ave 460 Colfax Avenue

13 Unit Mobile Home Park $2,735,000 ($210,385/Unit) Bennett, CO 80102

Investment Highlights

  • Commercial Zoning
  • Develop an additional income stream with 100 ft of frontage along E. Colfax Avenue
  • 13 Champion manufactured homes (2017-2019)

Executive Summary

Opportunity to own multiple income streams in the growing town of Bennett. The 13-unit manufactured home park 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 park is served with city water and sewer, each unit having a sub meter system for individual water utility billing. The Champion manufactured homes are a spacious 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 for each unit. Develop an additional income stream with 100 ft of high visibility frontage along E. Colfax Avenue and Town of Bennett commercial zoning. Reimagine the approximately 1,200 sq ft 1940’s service garage structure: perhaps future retail, or a convenient office for your growing enterprise. Invest in an area that has seen a 22% population increase from 2020 to 2023 within a 15-minute drive time of 460 Colfax Ave, Bennett, CO. (Data source via 2020 & 2023 U.S. Census Bureau data). Convenient location to Denver International Airport (Top 6 busiest airport in the world by 2023 passenger count), Colorado Air & Space Port & the adjacent Rocky Mountain Rail Park industrial development project.

Data Room Click Here to Access

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,735,000
Price Per Unit $210,385
Sale Type Investment
No. Units 13
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • General Retail Storefront Retail/Residential
Lot Size 1.32 AC
Building Size 16,020 SF
Average Occupancy 100%
No. Stories 1
Year Built 2017
Parking Ratio 2/1,000 SF

Unit Amenities

  • Tub/Shower

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 13 - 1,150

zoning

Zoning Code Commercial Mixed Use (Primary: Retail and convenience stores, restaurants, personal and business services, and professional offices. Secondary: Residential/Multifamily)
Commercial Mixed Use (Primary: Retail and convenience stores, restaurants, personal and business services, and professional offices. Secondary: Residential/Multifamily)
  • Listing ID: 31220479

  • Date on Market: 3/14/2024

  • Last Updated:

  • Address: 460 Colfax Avenue, Bennett, CO 80102

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