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1325 Market St - River View MHP 1.97 Acres of Residential Land Offered at $775,000 in Meeker, CO 81641

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Investment Highlights

Management fees well above market — normalizing to industry standard adds ~$27K to NOI at closing
Bookkeeping and administrative costs well above market for a collection this size
RV pad infrastructure supports conversion to long-term residential use — significant NOI upside

Vacant and underutilized units represent straightforward lease-up opportunity
Majority of TOH lots at below-market rents — organic growth as leases roll at expiration

Executive Summary

Pinnacle Real Estate Advisors presents 1325 Market St. — a 17-unit manufactured housing community in Meeker, Colorado, offering a diversified mix of 8 tenant-owned home lots, 4 park-owned homes, 4 RV spaces, staff housing, and vacant units. The property provides multiple sources of residential income and benefits from Meeker’s supply-constrained affordable housing market, where limited competing inventory supports continued demand for workforce housing.
River View MHP currently generates $48,180 in annualized NOI at a 6.22% cap rate, with a clear path to $61,646 in stabilized NOI at a 7.95% cap rate. The property offers near-term upside through lease-up of vacant units, bringing existing rents toward market levels, and optimizing management and operating expenses.

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Property Facts

Price	$775,000	Property Subtype	Residential
Sale Type	Investment	Total Lot Size	1.97 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land

Price	$775,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	1.97 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$775,000	Lot Size	1.97 AC
Price Per AC	$392,688.00

Price	$775,000
Price Per AC	$392,688.00
Lot Size	1.97 AC

17 total sites including 8 tenant-owned homes (TOH), 4 park-owned homes (POH), and 4 RV spaces, plus 1 staff housing unit. The property includes 4 vacant spaces, providing additional occupancy and income potential.