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910 Water St - Circle N & River Bend MHP 3.66 Acres of Residential Land Offered at $1,270,000 in Meeker, CO 81641

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Investment Highlights

Management fees well above market — normalizing to industry standard adds ~$27K to NOI at closingx
Majority of TOH lots at below-market rents — organic growth as leases roll at expiration

Vacant and underutilized units represent straightforward lease-up opportunity
RV pad infrastructure supports conversion to long-term residential use — significant NOI upside

Executive Summary

Pinnacle Real Estate Advisors presents 910 Water St. — an exceptional opportunity to acquire Circle N MHP and River Bend RV Park, a unique combination of manufactured housing and seasonal RV income in Meeker, Colorado. The property includes 19 tenant-owned home lots, two long-term RV spaces, staff housing, and 10 seasonal RV spaces, along with approximately 8 acres offering dual river access.
Located in a supply-constrained affordable housing market with limited competing inventory, the property offers strong current occupancy and multiple avenues for value creation. 910 Water St. generates $64,943 in current annualized NOI at a 5.11% cap rate, with projected stabilized NOI of $121,679 at a 9.58% cap rate through lease-up, rent optimization, management efficiencies, and increased RV Park income.

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Property Facts

Price	$1,270,000	Property Subtype	Residential
Sale Type	Investment	Total Lot Size	3.66 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	$1,270,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	3.66 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	$1,270,000	Lot Size	3.66 AC
Price Per AC	$346,600.21

Price	$1,270,000
Price Per AC	$346,600.21
Lot Size	3.66 AC

22 total sites, including 19 tenant-owned home lots, 2 RV spaces, 1 staff housing unit, and 1 vacant site. The property also includes a 10-space seasonal RV park.