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908 Market St - White River MHP 1.56 Acres of Residential Land Offered at $1,305,000 in Meeker, CO 81641
Investment Highlights
- Management fees well above market — normalizing to industry standard adds ~$27K to NOI at closing
- First institutional MHP offering in this market in years — limited buyer competition
- Majority of TOH lots at below-market rents — organic growth as leases roll at expiration
Executive Summary
Pinnacle Real Estate Advisors presents 908 Market St. — a well-established 26-unit manufactured housing community in Meeker, Colorado, featuring 15 tenant-owned home lots, 8 park-owned homes, and 3 apartments. The property offers a diversified residential income stream with public water, sewer, electric, and gas utilities paid by tenants, and benefits from its location within Meeker’s supply-constrained affordable housing market.
White River MHP is currently 100% occupied and generates $80,144 in current annualized NOI at a 6.14% cap rate, with a clear path to $147,897 in stabilized NOI at an 11.33% cap rate. Upside is driven by bringing TOH and POH rents toward projected market levels, optimizing management expenses, and improving overall operating efficiency.
White River MHP is currently 100% occupied and generates $80,144 in current annualized NOI at a 6.14% cap rate, with a clear path to $147,897 in stabilized NOI at an 11.33% cap rate. Upside is driven by bringing TOH and POH rents toward projected market levels, optimizing management expenses, and improving overall operating efficiency.
Property Facts
| Price | $1,305,000 | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 1.56 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $1,305,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.56 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $1,305,000 | Lot Size | 1.56 AC |
| Price Per AC | $836,582.97 |
| Price | $1,305,000 |
| Price Per AC | $836,582.97 |
| Lot Size | 1.56 AC |
Mobile home park situated on a well-located parcel in Meeker, Colorado. The property offers an established residential use with convenient access to downtown Meeker, local amenities, and outdoor recreation.
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Contacts
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David Barocas -
Morgan Wheeler -
Andrew Monette -
Corey Sandberg -
Pinnacle Real Estate Advisors
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Videos
Matterport 3D Exterior
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Photos
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Street
Map
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908 Market St - White River MHP
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