460 Colfax Ave Bennett, CO 80102

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.