Description

We are offering a small manufactured housing property at 203 8th Street in Gilcrest, Colorado, for $350,000. The property sits on 0.355 acres and includes three park-owned homes and a recently updated one-bedroom apartment, for a total of four rental units.

All four units are served by city water and sewer, which removes the well and septic risk common to rural parks and keeps maintenance predictable. Gross scheduled rent is about $39,000 per year, and the income is spread across two product types, so a single vacancy has a limited effect on cash flow.

The size of the investment makes it easy to manage, whether by an owner who self-manages or by a local operator adding units nearby. It is also an approachable entry point for a buyer who wants exposure to manufactured housing without taking on a large community. Three park-owned homes also give an owner direct control over rents and unit condition, and they create an option to sell homes to residents over time and shift to lot rent.

Gilcrest is a small town in Weld County, within easy reach of Greeley, Platteville and the Denver metro area. Demand for attainable housing across northern Colorado remains strong, and new supply is limited, which supports occupancy and rent growth over time. Contact Van Myers, Corey Sandberg or David Barocas of Pinnacle Real Estate Advisors for the rent roll and offering memorandum.