About 810 Nw Cedar Avenue
Great investment opportunity with this 9-Unit mobile home park, along with 3 extra lots to lease out or place additional trailers/manufactured homes. All units are park/Seller owned, with 8 currently leased, and 1 vacant needing nominal renovations. Over the last 24+- months the 8 units, and grounds have undergone approx. $300,000 in renovations (original dates of units range from 1966-1983, albeit the 8 renovated are modernized). The in-place NOI of $102,296 generates an 8.56% CAP Rate, with upside from the 1 vacant trailer, and 3 lots. Upon full lease-up and a 5% Mkt. Vacancy the projected cash-on-cash return with a 70% LTV is 12.55%. 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. Listing agent is brother-in-law of Seller. Don’t miss this awesome investment Opp, call or email now to tour the property!
Features of 810 Nw Cedar Avenue
| MLS® # | 9211359 |
|---|---|
| Price | $1,195,000 |
| Bathrooms | 0.00 |
| Square Footage | 8,300 |
| Acres | 2.00 |
| Year Built | 1966 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 810 Nw Cedar Avenue |
|---|---|
| City | Cedaredge |
| County | Delta |
| State | CO |
| Zip Code | 81413 |
Amenities
| Utilities | Electricity Available |
|---|---|
| Parking | Gravel |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Corner Lot, Foothills, Landscaped |
|---|---|
| Roof | Metal |
Additional Information
| Date Listed | June 4th, 2025 |
|---|---|
| Zoning | R3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Tyler Donegan Duncan Real Estate Services, Inc. |
|---|