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

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.