757 County Road 308
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757 County Road 308
1.35 Acres of Commercial Land Offered at $1,193,978 CAD in Dumont, CO 80436
Investment Highlights
- Current CAP Rate: 7.9%. Proforma CAP Rate: 9.38%
- NOI: $67,332 (including 7% Management Fee)
- Located in Dumont On High Traffic I-70 Frontage Road Between Denver and Ski Resorts
- Gross Income: $97,347
- 50,000+ VPD
- Redevelopment Opportunity with Stabilized Income
Executive Summary
Hoff & Leigh brings you a highly profitable mobile home park and covered land play with I-70 frontage and over 50,000 cars per day! The property is fully leased with annual lease agreements and rent increases; the property already generates $97,347 in annual gross income with potential for increased growth. Stabilized income, 100% occupancy, and recent renovations including a new roof on the cabin and updated mechanicals in mobile homes have the property primed and ready for a hands-off investor. The property has 6 units total with 3 park owned mobile homes, 1 park owned cabin, and two lot rentals. As a covered land play, zoning allows for a variety of uses including restaurant, retail, office, and industrial. A short 40 min drive to downtown Denver and to the major ski resorts makes it ideal for ski town workers or even as short-term rentals.
For more info, please text/call Michael Crawford: 720.683.0399. Mcrawford@HoffLeigh.com
Key Details:
$850,000 listing price
Current CAP rate: 7.9% (including 7% mgmt fee)
Proforma CAP rate: 9.38% (self-managed, no vacancy, market rents)
Current Gross Income: $97,347
Current NOI: $67,332 (including 7% mgmt fee)
3,574sf Park Owned Buildings
1.359 acre lot situated in Dumont between Denver and Ski resorts
The property has 6 units total: 5 mobile homes and 1 cabin
Well Water, City Sewer and Xcel Electric/Gas
Property Details:
100% occupancy, No vacancies
"Tenant" mobile homes are owned by property owner. Lot rent mobile homes are owned by tenants & pay lot rent.
5 trailers + 1 cabin (new roof 2023).
1 park owned cabin, 3 park owned mobile homes (Unit 1, Unit 2, Unit 5), and two lot rental mobile homes owned by Tenant (Unit 4 and Unit 6)
For more info, please text/call Michael Crawford: 720.683.0399. Mcrawford@HoffLeigh.com
Key Details:
$850,000 listing price
Current CAP rate: 7.9% (including 7% mgmt fee)
Proforma CAP rate: 9.38% (self-managed, no vacancy, market rents)
Current Gross Income: $97,347
Current NOI: $67,332 (including 7% mgmt fee)
3,574sf Park Owned Buildings
1.359 acre lot situated in Dumont between Denver and Ski resorts
The property has 6 units total: 5 mobile homes and 1 cabin
Well Water, City Sewer and Xcel Electric/Gas
Property Details:
100% occupancy, No vacancies
"Tenant" mobile homes are owned by property owner. Lot rent mobile homes are owned by tenants & pay lot rent.
5 trailers + 1 cabin (new roof 2023).
1 park owned cabin, 3 park owned mobile homes (Unit 1, Unit 2, Unit 5), and two lot rental mobile homes owned by Tenant (Unit 4 and Unit 6)
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$123,977
|
$45,082.57
|
| Other Income |
$12,764
|
$4,641.57
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$136,741
|
$49,724.14
|
| Taxes |
$2,947
|
$1,071.64
|
| Operating Expenses |
$39,214
|
$14,259.80
|
| Total Expenses |
$42,161
|
$15,331.44
|
| Net Operating Income |
$94,580
|
$34,392.70
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $123,977 |
| Annual Per AC | $45,082.57 |
| Other Income (CAD) | |
|---|---|
| Annual | $12,764 |
| Annual Per AC | $4,641.57 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $136,741 |
| Annual Per AC | $49,724.14 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,947 |
| Annual Per AC | $1,071.64 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $39,214 |
| Annual Per AC | $14,259.80 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $42,161 |
| Annual Per AC | $15,331.44 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $94,580 |
| Annual Per AC | $34,392.70 |
Property Facts
1 Lot Available
Lot
| Price | $1,193,978 CAD | Lot Size | 1.35 AC |
| Price Per AC | $884,428 CAD |
| Price | $1,193,978 CAD |
| Price Per AC | $884,428 CAD |
| Lot Size | 1.35 AC |
Mobile home park with stabilized income. Redevelopment opportunity located in Dumont On High Traffic I-70 Frontage Road Between Denver and Ski Resorts
1 of 1
zoning
| Zoning Code | C1 |
| C1 |
-
Michael Crawford -
Brandon Langiewicz -
Hoff & Leigh Denver
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757 County Road 308
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