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Additional details
$1,075,000
Est. payment /mo
47,654 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 47,654 sqft
Price per Sqft $22
Subdivision Columbine
MLS Listing ID IR1057908
HOA Y/N No
Year Built 1998
Annual Tax Amount $4,851
Tax Year 2025
Lot Size 1.094 Acres
Acres 1.09
Source recolorado
Property Description
This investment opportunity offers a strong, stabilized income-producing asset located in the heart of Greeley. The mobile home park consists of approximately 15 units with long-term tenants, many of whom have occupied the property for years, providing consistent rental income and low turnover. The property generates approximately $118,800 in annual rental income with a net operating income of around $107,229, resulting in an attractive cap rate of 9.9%. This makes it an ideal option for investors seeking immediate cash flow and long-term stability.In addition to its current income, the property sits on approximately 1.09 acres in a rapidly growing area near downtown Greeley, just blocks from UNC, restaurants, and major employers. With continued city growth and increasing property values, this asset presents strong upside potential for future redevelopment, rent increases, or repositioning. Whether maintaining it as a cash-flowing mobile home park or exploring alternative uses, this property offers both stability and growth potential for investors.
Location
State CO
County Weld
Zoning X
Rooms
Basement None
Interior
Fireplace N
Exterior
Utilities Available Natural Gas Available
Roof Type Composition
Building
Water Public
Level or Stories One
Structure Type Frame
Schools
Elementary Schools Maplewood
Middle Schools Brentwood
High Schools Greeley Central
School District Greeley 6
Others
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, VA Loan
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by KW Realty Downtown, LLC
Nearby School & Business
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