1431 Walnut St
Property Description
Mueller & Hoffman, as exclusive agent for the owner, is pleased to present the opportunity to purchase Woodland Meadows, a 55+ manufactured housing community located in Cañon City, Colorado. The community features 93% occupancy across 42 manufactured home sites, including two park-owned homes, one currently for sale and one vacant. Ownership has invested significantly into the property, including infrastructure improvements such as replacing 20 of 42 water lines, and has maintained the community in excellent condition through ongoing road and tree maintenance. The property is serviced by municipal water, sewer, and trash, all of which are included in the lot rent. This offering provides investors the opportunity to acquire a well-established, age-restricted community with stabilized occupancy and potential income upside through filling the vacant home and lot and billing back utilities. Woodland Meadows is offered at $2,300,000, equating to a 6.59% cap rate on current income, and represents a rare opportunity to acquire a stabilized community in a supply-constrained market with strong demand for affordable senior housing in Colorado.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,300,000 |
| No. of Units: | 42 |
| Lot Size: | 924.00 Acres |
| Opportunity Zone: | No |
| Price per unit: | $54,762 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
220 Virginia Dr
Estes Park, Colorado
3434-3438 Thaxton Avenue SE
Albuquerque, New MexicoBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout