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810 NW Cedar Ave, Unit 1-12 Cedaredge, CO 81413

For Sale
$1,195,000

COMMERCIAL - Cedaredge, CO

Days on Market:
53
Last Refresh:
Dec 5 at 5:06 am

Property Features for 810 NW Cedar Ave

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active

GRAND MESA REAL ESTATE SERVICES (970) 512-3000

Listing agent Lucinda Stanley (970) 512-3000

Listing date Oct 14, 2025


Overview

Cedaredge Mobile Home Park Investment

This property presents an investment opportunity featuring a 9-unit mobile home park, accompanied by 3 additional lots suitable for lease or the placement of extra trailers or manufactured homes. All units are owned by the park/seller. Eight units are currently leased, while one vacant unit requires minor renovations. Over the past 24 months, approximately $300,000 has been invested in renovations across the 8 units and grounds. The original construction dates of the units range from 1966 to 1983, with the 8 renovated units now modernized. The in-place Net Operating Income (NOI) of $102,296 yields an 8.56% Capitalization Rate (CAP Rate), with potential upside from the vacant trailer and 3 lots. With full lease-up and a 5% Market Vacancy, the projected cash-on-cash return with a 70% Loan-to-Value (LTV) is 12.55%. The property is located in Cedaredge, a mountain town at the foot of Colorado's Grand Mesa, characterized by its natural beauty, mild four-season climate, and agricultural setting with orchards, vineyards, and scenic trails.
Property Profile Location Intelligence

Current Use by Public Records

Mobile home & RV ...

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Cedaredge
County
Delta
State
Colorado
Longitude
-107.933122
Latitude
38.904399

FAQs

What type of property is this?
Mobile home & RV park - 9-unit mobile home park with renovation and expansion potential.
Where is this mobile home & rv park located?
The property is located at 810 NW Cedar Ave, Unit 1-12 Cedaredge, CO.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: - High CAP Rate: In-place NOI of $102,296 generates an 8.56% CAP Rate.; - Upside Potential: Opportunity to increase income through the vacant unit and 3 additional lots.; - Significant Renovations: Approximately $300,000 invested in renovations to 8 units and grounds in the last 24 months.
More about this property
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