1079 U.S. 85

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1079 U.S. 85

Walsenburg, CO 81089
Asking Price
$2.75M
Cap Rate
8.91%
Asset Type
Mobile-home-park
Class
Class B

What's Special

66 Unit MH / RV Park with Expansion Opportunity | City Utilities | 11.39% Entry COCR | 9% Cap Rate <ul><li>​<span style="color: rgba(0, 0, 0, 1)">83% Occupied Mixed-use Community</span></li></ul><p></p><ul><li>​<span style="color: rgba(0, 0, 0, 1)">City water and sewer are included in rents; opportunity to bill back and decrease expenses further</span></li></ul><p></p><ul><li>​<span style="color: rgba(0, 0, 0, 1)">Strong in-place COCR of 11.39% with an entry Cap Rate of ~9%</span></li></ul><p></p><ul><li>​<span style="color: rgba(0, 0, 0, 1)">Expansion opportunity for an additional 19 lots (s

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NOI
$80,000
Cap Rate
2.91%
DSCR
0.49
Underwater
Cash-on-Cash
-10.09%
Monthly Payment
$13,605.5
Annual Cash Flow
$-83,265.995

Location & Travel Times