2401 Main St Cañon City, CO 81212
This exceptional investment opportunity presents a 2.4-acre multi-tenant property located at 2401 & 2485 E. Main St, Cañon City, CO 81212 (APN: 2401 = 12000440 / 2485 = 12000450). The property encompasses a thriving 17-unit mobile home park, including one single-family home and one duplex, plus four storage sheds. Recent improvements include road resurfacing, two mobile home renovations, landscaping enhancements, and over $10,000 in waterline and sewer line upgrades. The property benefits from on-site property management and presents significant value-add potential. Several vacant spaces allow for the addition of new mobile home units, while one unit is ready for complete replacement. Two additional vacant land areas offer further development opportunities. The property boasts a strong financial performance, with a current Net Operating Income (NOI) of $118,075 and an attractive capitalization rate of 8.14%. This well-maintained property offers a compelling investment opportunity in a desirable location. The asking price is $1,450,000. Financial statements are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.