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    460 Colfax Ave Bennett, CO 80102

    For Sale
    $2,735,000

    13-Unit Manufactured Home Park with Development Potential

    Property size:
    16,150 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment opportunity presents a 13-unit manufactured home park situated on a 1.32-acre lot at 460 E Colfax Avenue in Bennett, Colorado. The park boasts thirteen spacious, 1,150 sq ft, 2-bedroom, 2-bathroom Champion manufactured homes, built between 2017 and 2019. Each unit features separate gas and electric meters, and the park is conveniently served by city water and sewer with individual sub-metering for water utility billing. Recent upgrades include 50-year Malarkey Legacy shingles installed in 2021. Each home also includes a two-car driveway. The property offers significant upside potential with approximately 1,200 sq ft of existing building space, currently configured as a service garage, situated on 100 feet of high-visibility frontage along E. Colfax Avenue. This area is zoned for commercial use, presenting opportunities for retail or office space development. The property is priced at $2,735,000. Benefit from the strong growth in the Bennett area, experiencing a 22% population increase within a 15-minute radius from 2020 to 2023 (based on U.S. Census Bureau data). The location offers convenient access to Denver International Airport, Colorado Air & Space Port, and the Rocky Mountain Rail Park industrial development project. This turnkey operation provides multiple income streams and significant future development possibilities in a rapidly growing market.

    Property Features for 460 Colfax Ave

    General Information

    Property type
    Residential income properties
    Square Feet
    16,150 SF
    Lot Size
    57,499 SF

    Building Details

    Year Built
    1940
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Bennett
    County
    Adams
    State
    Colorado
    Longitude
    -104.4285
    Latitude
    39.75509

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Residential income property - 13-Unit Manufactured Home Park with Development Potential
    Where is this residential income property located?
    The property is located at 460 Colfax Ave Bennett, CO.
    What is the asking price?
    The asking price for this property is $2,735,000.
    (303) 409-1300
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    460 Colfax Ave Bennett, CO 80102
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    Bennett, CO 80102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    460 Colfax Ave Bennett, CO 80102
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