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203 8th St 1 Unit Mobile Home Park $350,000 ($350,000/Unit) Gilcrest, CO 80623
Investment Highlights
- Bite-sized $350K investment
- Immediate upside by placing a home on the existing vacant pad
- Stable in-place cash flow with significant upside potential
- 4-pad mobile home park with 3 park-owned homes, 1 apartment, and 1 vacant pad ready for an additional home
- Public water & sewer
- Value-Add Opportunity presents Double-Digit Cap Rate Potential
Executive Summary
Pinnacle Real Estate Advisors is pleased to present the exclusive listing of 203 8th Street, a clean, stable, and in-demand investment opportunity in Gilcrest, Colorado. The Property consists of a 4-pad mobile home park with three park-owned homes, a one-bedroom apartment, and the opportunity to add an additional rental unit, creating immediate value-add potential. All units are serviced by city water and sewer, reducing infrastructure risk and minimizing the maintenance concerns often associated with private utility systems.
Located in the growing Northern Colorado market, the Property benefits from sustained demand for affordable housing and a limited supply of attainable housing options. Stable in-place income, diversified revenue streams, and the ability to increase future cash flow through an additional rental unit position the asset as an attractive investment opportunity. With its manageable size, public utility infrastructure, and location in a supply-constrained market, 203 8th Street offers investors dependable current income with meaningful upside potential.
Located in the growing Northern Colorado market, the Property benefits from sustained demand for affordable housing and a limited supply of attainable housing options. Stable in-place income, diversified revenue streams, and the ability to increase future cash flow through an additional rental unit position the asset as an attractive investment opportunity. With its manageable size, public utility infrastructure, and location in a supply-constrained market, 203 8th Street offers investors dependable current income with meaningful upside potential.
Property Facts
| Price | $350,000 | Building Class | B |
| Price Per Unit | $350,000 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 650 SF |
| No. Units | 1 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $350,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 650 SF |
| No. Stories | 1 |
| Year Built | 1964 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
1 1
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
30/100
(720) 638-5401
x240
Contacts
-
Van Myers -
Corey Sandberg -
David Barocas -
Morgan Wheeler -
Pinnacle Real Estate Advisors
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203 8th St
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