818 Ponderosa Ln Cañon City, CO 81212
- Mobile home & RV parks
- 2,602 SF
- 4.55 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 818 Ponderosa Ln
- Year built
- 1973
- Lot size
- 4.55 lot acres
- Property size
- 2,602 SF
- Property type
- Mobile home & RV parks
Description
This exceptional investment opportunity presents a thriving mobile home park nestled in the scenic Cañon City, Colorado. Priced at $995,000, this Class C property boasts a substantial 8.14% cap rate and a strong $80,958 NOI (estimated for 2023). The 4.55-acre lot houses four buildings totaling 2,602 square feet of building space and 4,618 square feet of net rentable area. The property includes a mix of income streams: nine pads generating $110,555.56 per pad, encompassing six mobile home land leases, three mobile homes, and RV leased spaces, plus a 1,736 square foot, five-bedroom, two-bathroom single-family home with a two-car garage. Currently operating at 100% occupancy as of December 25, 2023, this park offers significant potential for future growth and expansion within its Ag Suburban zoning. The property's diverse revenue streams, strong occupancy rate, and prime location in Cañon City, Colorado, make it an attractive investment for both owner-users and investors seeking a high-yield, diversified portfolio addition. Two privately-owned mobile homes, also under the same ownership, are available for purchase separately. The property is zoned for Ag Suburban use and was built in 1973. This is a 1-story property located at 818 Ponderosa Ln, Cañon City, CO 81212.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cañon City
- County
- Fremont
- State
- Colorado
- Longitude
- -105.196
- Latitude
- 38.4622
