Description

We are offering a 21-pad mobile home park at 108 6th Street in Gilcrest, Colorado, for $1,450,000, or about $69,000 per pad. The community sits on approximately 2.24 acres according to Weld County records and is currently 100 percent occupied.

Every home in the park is owned by its resident, which means ownership collects lot rent without carrying the repair, turnover and capital costs that come with park-owned homes. That structure keeps operations simple and makes the property a good fit for a passive investor as well as an experienced manufactured housing operator who wants to add a stable asset.

The resident base is stable, and demand for attainable housing in Weld County continues to outpace supply. Tenant-owned communities like this one tend to see low turnover, because moving a home is costly, which supports consistent occupancy and dependable cash flow over a long hold. Lot rent from tenant-owned homes is also among the most predictable income streams in residential real estate, which helps with financing and long-term planning.

Gilcrest is a small agricultural town in northern Colorado with a quiet, rural setting and easy highway access to Greeley, Fort Lupton and the Denver metro area. We believe this park offers durable income in a growing region at an accessible price point. Contact David Barocas, Andy Monette or Corey Sandberg of Pinnacle Real Estate Advisors for rent roll details and to discuss the opportunity.