CO USA Idaho Spg Saint Mary's, CO 80452

Property Details for CO USA Idaho Spg

Property type

Mobile home & RV parks

Description

This exceptional portfolio comprises five mobile home parks totaling 110 units, strategically located in the desirable Colorado mountains near Idaho Springs. Boasting a strong 10.37% cap rate and projected annual revenue exceeding $1.3 million, this Class B property offers immediate double-digit cash-on-cash returns and a substantial net operating income (NOI) of over $900,000. The portfolio's prime location, west of the Denver Metro area, provides residents with unparalleled access to both world-class outdoor recreation (including nearby ski resorts) and employment opportunities in the thriving tourism and service industries. The high demand for affordable housing in this region, fueled by major employers and attractions, ensures consistent occupancy and strong rental income. This investment presents a rare opportunity to capitalize on the robust Colorado market, offering a compelling blend of mountain living and exceptional financial returns. The properties are situated along major interstates, providing convenient access to amenities and employment centers such as Colorado Mills and Belmar shopping centers. The mix of mobile home, cabin, and RV spaces caters to a diverse range of residents, further enhancing the portfolio's appeal and stability. This is an exceptional opportunity for investors seeking immediate, substantial returns in a highly sought-after location.

Location Insight

City

Saint Mary's

County

Clear Creek

State

Colorado

Longitude

-105.618

Latitude

39.7943