2800 McCann Ave, Cheyenne, WY 82001

Frontier Estates is a manufactured housing community originally developed in 1959, offering fifty-six (56) total manufactured housing sites plus two apartment units. The property currently operates at approximately 80% occupancy. Ownership benefits from all city utility services, and the community uses a flat monthly utility reimbursement structure for water, sewer, trash, and city assessed fee expenses. Current utility billbacks are approximately comprised of 32% water, 43% sewer, 22% trash, and 1% city assessed fee reimbursement. The property also reports an expense ratio of 33.26% of gross income, equating to approximately $4,342 per site annually, based on current operating information provided.

The community has convenient connectivity via Interstate 25 and Interstate 80, with access throughout Wyoming and the broader Rocky Mountain region. Frontier Estates is located near retail and dining options throughout Cheyenne, including Frontier Mall and Downtown Cheyenne, and it is also near the Cheyenne Frontier Days event.

For operators and investors seeking affordable housing with in-place management structure, Frontier Estates presents an actively operating, stabilized platform with room to improve through continued infill of vacant sites and ongoing operational optimization. Current average site rents are approximately $548 per month, and the two apartment units average approximately $825 per month, with the provided materials indicating rents remain below competing housing alternatives.