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(720) 432-8695
New Horizons Real Estate
1626 6th Ave, Greeley, CO 80631
- $1,075,000
- List Price
- $1,075,000
- Status
- PENDING
- MLS#
- 1057908
- Year Built
- 1998
- Region
- Greeley/Weld
- Subdivision
- Columbine
Property Description
This investment opportunity offers a strong, stabilized income-producing asset located in the heart of Greeley. The mobile home park consists of approximately 15 units with long-term tenants, many of whom have occupied the property for years, providing consistent rental income and low turnover. The property generates approximately $118,800 in annual rental income with a net operating income of around $107,229, resulting in an attractive cap rate of 9.9%. This makes it an ideal option for investors seeking immediate cash flow and long-term stability.In addition to its current income, the property sits on approximately 1.09 acres in a rapidly growing area near downtown Greeley, just blocks from UNC, restaurants, and major employers. With continued city growth and increasing property values, this asset presents strong upside potential for future redevelopment, rent increases, or repositioning. Whether maintaining it as a cash-flowing mobile home park or exploring alternative uses, this property offers both stability and growth potential for investors.
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Additional Information
- Taxes
- $4,851
- School District
- Greeley 6
- Elementary School
- Maplewood
- Middle School
- Brentwood
- High School
- Greeley Central
- Heating
- None
- Utilities
- Natural Gas Available
- Tenant Pays
- Gas, Electricity
- Zoning
- X
Listing courtesy of Ruth Bustillos.
9703015724
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