460 Colfax Ave Bennett, CO 80102
- Mobile home & RV parks
- 1,200 SF
- 1.32 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 460 Colfax Ave
- Year built
- 1940
- Lot size
- 1.32 lot acres
- Property size
- 1,200 SF
- Property type
- Mobile home & RV parks
- APN
- R0180861
- APU
- R0180861
Description
This exceptional investment opportunity presents a 13-unit manufactured home park situated on a 1.32-acre lot at 460 E Colfax Avenue in Bennett, Colorado. The park boasts thirteen spacious, 1,150 sq ft, 2-bedroom, 2-bathroom Champion manufactured homes, built between 2017 and 2019. Each unit features separate gas and electric meters, and the park is conveniently served by city water and sewer with individual sub-metering for water utility billing. Recent upgrades include 50-year Malarkey Legacy shingles installed in 2021. Each home also includes a two-car driveway. The property offers significant upside potential with approximately 1,200 sq ft of existing building space, currently configured as a service garage, situated on 100 feet of high-visibility frontage along E. Colfax Avenue. This area is zoned for commercial use, presenting opportunities for retail or office space development. The property is priced at $2,735,000. Benefit from the strong growth in the Bennett area, experiencing a 22% population increase within a 15-minute radius from 2020 to 2023 (based on U.S. Census Bureau data). The location offers convenient access to Denver International Airport, Colorado Air & Space Port, and the Rocky Mountain Rail Park industrial development project. This turnkey operation provides multiple income streams and significant future development possibilities in a rapidly growing market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $280,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $285,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $245,000
- Retail
- $265,000
- Mixed-Use
- $315,000
- Hospitality
- $320,000
- Educational
- $240,000
- Residential Income
- $325,000
- Energy
- $280,000
- Income-Based Land
- $265,000
- Food Service
- $295,000
Location Insight
- Map
- Local Demand
- City
- Bennett
- County
- Adams
- State
- Colorado
- Longitude
- -104.428
- Latitude
- 39.7552
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA