Manufactured Housing Community with 56
For Sale
$4,480,000
2800 McCann Ave, Cheyenne, WY 82001
Stabilized manufactured housing community with city utilities and resident utility reimbursements supporting efficient operations.
Property SizeContact for details
Days on Market54
Property Features for 2800 McCann Ave
General Information
Standard status
Active
Property subtype
Mobile Home Park
Occupancy
84%
Financials
Cap Rate
5.43%
Business Included
Yes
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Amenities
Fifty-Six (56) Manufactured Housing Sites Plus Two Additional Apartment Units
Historically Strong Occupancy with Continued Upside Through Future Infill of Vacant Sites
Average Manufactured Housing Site Rent of Approximately $548 Per Month with Additional Upside Through Below-Market In-Place Rents
All City Utility Services Providing Long-Term Infrastructure Stability and Operational Simplicity
Located in Cheyenne, Wyoming's Capital City, Supported by Stable Government, Military, Railroad, Healthcare, and Logistics Employment Drivers Including F.E. Warren Air Force Base
Rare Opportunity to Acquire a Manufactured Housing Community in One of the Mountain West Region's Most Supply-Constrained Affordable Housing Markets
Proximity to Major Retail, Dining, and Entertainment Amenities Including Frontier Mall, Downtown Cheyenne, and Regional Outdoor Recreation Destinations
Manufactured Housing Continues to Represent One of the Most Attainable Forms of Housing Throughout Wyoming and the Greater Mountain West Region
Building Details
Year Built
1959
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Denver
(303) 328-2000
Listed By:
Adam Lewis · License #License(s) WY: RE-16571
(303) 328-2000
Source:
Marcusmillichap
Added: Jun 28
Changed: Aug 8
Last Checked: Aug 20 at 4:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- Frontier Estates manufactured housing community in Cheyenne, WY, built in 1959
- 56 total manufactured housing sites; currently operates at approximately 80% occupancy
- All city utility services in place; residents reimburse for water, sewer, trash, and city assessed fee
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
Explore this area
Business Placement
Demographics for 82001, WY
37,528
Population
17,977
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
95%
High-School Grad
55.1 sq mi
ZIP Area
681
Density / Sq Mi
$74,149
Median Household Income
$45,456
Median Earnings
$1,044
Median Rent
$291,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Stabilized manufactured housing community with city utilities and resident utility reimbursements supporting efficient operations.
Where is this mobile home & rv park located?
The property is located at 2800 McCann Ave Cheyenne, WY.
What is the asking price?
The asking price for this property is $4,480,000.
What are key features of this property?
This property features: Frontier Estates manufactured housing community in Cheyenne, WY, built in 1959; 56 total manufactured housing sites; currently operates at approximately 80% occupancy; All city utility services in place; residents reimburse for water, sewer, trash, and city assessed fee
