510 I St
Penrose, CO 81240

Mobile Home Park for sale in Southern Colorado. With a HUGE need for affordable housing this park offers endless possibilities. There are a total of 16 lots with 15 homes. The property offers two doublewides, one with a large private lot and two car garage. This unit would be a perfect fit for an onsite property manager. All units in the park are Park Owned Homes. Several tenants have expressed interest in purchasing their units allowing for an investor to charge lot rent if desired. Trouble tenants have been removed leaving only long term tenants. The park has a non-conforming status with the county, meaning the park is grandfathered in. The park is in the process of being turned around. Currently there are four vacant homes. One of the homes is in the remodel process and another one gutted to be remodeled. There currently is a waiting list for these units. Units are on city water and septic systems. All of the septic systems have been pumped within last six months. Current rents are way below the current market, with some rents at half the price of comparable parks in the neighborhood. Tenants currently pay electric, gas and the base water bill. Water can be sub-metered charging for actual usage allowing for additional income. It is a 37 minute commute to Colorado Springs and a 15 minute commute to the nearest Wal-mart in Canon City. All the hard work has been done for you. Come in and make some money!!!