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William Watson

bill@watsonrg.com +1(720) 463-0002

$1,850,000

Est. payment - /mo

2 Acres Lot

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Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 2317364

HOA Y/N No

Year Built 1966

Lot Size 2.000 Acres

Acres 2.0

Property Sub-Type Multi Family

Property Description

Great investment opportunity with this 12-Unit mobile home park. All units are park/Seller owned and 100% leased. Over the last 24+- months the 9 units and grounds were renovated. In 2026 three brand new units were added on vacant lots. $600,000 was recently invested in the renovations and in adding the new units. (original dates/ages of 9 units range from 1966-1983, albeit renovated and modernized). The in-place gross revenue of $215,000 and net operating income (NOI) of $159,000 generates an 8.6% CAP Rate. Nestled at the foot of Colorado's Grand Mesa, Cedaredge is a charming mountain town where small-town hospitality meets breathtaking natural beauty. With its sweeping views, mild four-season climate, and rich agricultural heritage, Cedaredge offers a slower pace of life surrounded by orchards, vineyards, and scenic trails. However, it's close to the employment centers of Grand Junction, Delta and Montrose. Listing agent is brother-in-law of Seller. Don't miss this awesome stable investment Opp, call or email now to tour the property!

Location

State CO

County Delta

Zoning R3

Exterior

Utilities Available Electricity Connected

Waterfront Description Public

Roof Type Metal

Private Pool No

Building

Lot Description Corner Lot, Foothills, Landscaped

Sewer Public Sewer

Water Public

Others

Tax ID M902676

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Listed byTyler Donegan Duncan Real Estate Services, Inc.

Nearby Locations

"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(720) 463-0002

bill@watsonrg.com

CO, USA

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408 NW 8th ST Cedaredge, CO 81413