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460 Colfax Ave Bennett, CO 80102

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13-Unit Income Property, High ROI

Property size:
14,820 SF

Property Features for 460 Colfax Ave

General Information

Property type
Multifamily properties
Square Feet
14,820 SF
Lot Size
57,499 SF

Building Details

Buildings
14
Stories
1
Units
13

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Listing Contact
Matt Brinkhoff
Matt Brinkhoff

Listing Agency: COLDWELL BANKER REALTY 24 Listing Agent: Matt Brinkhoff

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a portfolio of 13 income-producing units situated on a 1.32-acre lot in Bennett, Colorado. The property includes a 13-unit manufactured home park featuring newer Champion homes (built between 2017 and 2019), each boasting 1,140 square feet, two bedrooms, two bathrooms, and a two-car driveway. All units are separately metered for gas and electricity, and the park is serviced by city water and sewer with individual sub-metering for water utility billing. Recent upgrades include 50-year Malarkey Legacy shingles (installed in 2021). The property also includes a 1,200 square foot building constructed in 1940, currently used as a service garage, situated on a 100-foot frontage along E. Colfax Avenue, zoned for commercial use. This presents significant potential for additional income streams through redevelopment or lease. The property boasts a 100% occupancy rate, generating a current NOI of $147,302 and a pro-forma NOI of $210,595, representing a 5.39% cap rate and a pro-forma cap rate of 7.70%, respectively. The asking price is $2,735,000, with a price per unit of $195,357 and a price per square foot of $170.72 (based on a square footage range of 14,820 to 16,020). The property is currently self-managed. The area has experienced significant population growth, with a 22% increase within a 15-minute radius from 2020 to 2023 (based on U.S. Census Bureau data). This turnkey investment offers a compelling combination of stable rental income and significant upside potential. The property consists of 14 buildings, all single-story structures. Two parking spaces are available per unit.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Mobile home & RV ...

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store 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
-104.4278794552
Latitude
39.755803994694

FAQs

What type of property is this?
Multifamily property - 13-Unit Income Property, High ROI
Where is this multifamily 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.
What are key features of this property?
This property features: 13-unit manufactured home park in Bennett, CO on a 1.32-acre lot, built 2017-2019.; All units are 1,140 sq ft, 2 bed/2 bath with 2-car driveways, separately metered for gas and electric, city water/sewer.; Includes a 1,200 sq ft commercial building (1940) on 100 ft of Colfax Ave frontage, offering redevelopment potential.
(303) 409-1300 Call to check price and availability
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