Homes for sale - 810 NW Cedar Avenue, Cedaredge, CO 81413

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Jason Shiri

team@cohomesold.com +1(720) 490-7720

$1,295,000

Est. payment - /mo

2 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 9211359

HOA Y/N No

Year Built 1966

Annual Tax Amount $539

Tax Year 2024

Lot Size 2.000 Acres

Acres 2.0

Property Sub-Type Multi Family

Source recolorado

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% 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 11.05%. 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!

Location

State CO

County Delta

Zoning R3

Interior

Fireplace N

Exterior

Parking Features Gravel

Utilities Available Electricity Available

Roof Type Metal

Garage No

Building

Lot Description Corner Lot, Foothills, Landscaped

Sewer Public Sewer

Water Public

Structure Type Metal Siding

Others

Acceptable Financing Cash

Listing Terms Cash

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Listed by Tyler Donegan Duncan Real Estate Services, Inc.

Q U I C K S E A R C H

810 NW Cedar Avenue Cedaredge, CO 81413