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    757 Co Rd Downieville-Lawson-Dumont, CO 80436

    For Sale
    $850,000

    High-return mobile home park near Denver.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 1.359-acre, C-1 zoned mobile home park and covered land play in Downieville-Lawson-Dumont, Colorado (80436), boasting I-70 frontage with over 50,000 vehicles passing daily. The property features six units: three park-owned mobile homes, one park-owned cabin (with a new roof in 2023), and two tenant-owned mobile homes on rented lots. Currently operating at 100% occupancy with annual lease agreements and built-in rent increases, the property generates a substantial gross income of $97,347 and a net operating income (NOI) of $67,332 (including a 7% management fee). The pro-forma NOI, assuming self-management and market rents, projects to $79,775, resulting in a compelling pro-forma cap rate of 9.39%. The asking price is $850,000, representing a current cap rate of 7.92%. The 5,522 square feet of rentable buildings are situated on a well-maintained lot with city sewer, Xcel electric/gas, and well water. Its prime location offers easy access to Denver and nearby ski resorts, making it attractive for both long-term residents and short-term rentals. The flexible C-1 zoning allows for diverse future development possibilities, including restaurant, retail, office, or industrial uses. This stabilized investment is ideal for hands-off investors seeking strong returns and significant upside potential. The property's strong performance and diverse potential make it a truly exceptional opportunity.

    Property Features for 757 Co Rd

    General Information

    Property type
    Multifamily properties
    Class
    C
    Lot Size
    59,198 SF

    Building Details

    Year Renovated
    2020
    Buildings
    6
    Stories
    1
    Units
    6

    HighLights

    • Exceptional investment opportunity: 1.359‑acre C‑1 zoned mobile home park with I‑70 frontage, over 50,000 vehicles per day.
    • Current cap rate: 7.9% (includes 7% management fee).
    • Pro forma cap rate: 9.38% (market rents, self‑managed).
    • Gross income (October 2024): $97,347.
    • Net operating income (NOI) (October 2024): $67,332 (includes 7% management fee).
    • High‑traffic I‑70 frontage location between Denver and ski resorts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Downieville-Lawson-Dumont
    County
    Clear Creek
    State
    Colorado
    Longitude
    -105.61013491325
    Latitude
    39.7655435387

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    FAQs

    What type of property is this?
    Multifamily property - High-return mobile home park near Denver.
    Where is this multifamily property located?
    The property is located at 757 Co Rd Downieville-Lawson-Dumont, CO.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 1.359-acre C-1 zoned mobile home park with I-70 frontage, over 50,000 vehicles per day.; Current cap rate: 7.9% (includes 7% management fee).; Pro forma cap rate: 9.38% (market rents, self-managed).
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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
    757 Co Rd Downieville-Lawson-Dumont, CO 80436
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