28
See all 28 photos
$1,850,000
Est. payment /mo
10,550 SqFt
New
408 NW 8th ST Cedaredge, CO 81413
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,550 sqft
Price per Sqft $175
MLS Listing ID 2317364
HOA Y/N No
Year Built 1966
Annual Tax Amount $613
Tax Year 2026
Lot Size 2.000 Acres
Acres 2.0
Property Sub-Type Multi Family
Source recolorado
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
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected
Roof Type Metal
Garage No
Building
Lot Description Corner Lot, Foothills, Landscaped
Sewer Public Sewer
Water Public
Others
Acceptable Financing Conventional
Listing Terms Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Tyler Donegan Duncan Real Estate Services, Inc.
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