Description

Unique opportunity to own a 39 space Mobile Home Park in Durango Colorado just outside the City limits bordering Junction Creek. First time offered for sale in many years. Park has been in existence since approx. 1951. It is serviced by City sewer and has a private on site commercial water well system. Of the 8.5 creek front acres approx. 5 acres may be usable with some level excess land currently not developed. There is not a current survey showing the exact usable acreage or the size of the excess vacant land area so Buyer's need to independently verify. Buyers are also advised to check with the City/County on any future development potential or the possibility of splitting off any portion of the excess land along the creek for other uses. Part of the land is in flood plain. Park is older and in need of some updating but what a great opportunity to increase the income either as a Mobile Home Park or maybe an RV Park or some combination subject to City/County approvals. Tiny homes are now very popular and this might be an ideal location for adding some of those types of structures. Space rents are under current market for the Durango area. Very difficult to build a new Mobile Home Park close to Downtown Durango with City sewer which helps insure good future demand for the spaces and a steady income stream. This is a prime location that can be improved to increase the income. Perfect for the Investor/Buyer looking for an opportunity for upside. Call today for details and your private tour. Don't miss the income potential of this rare opportunity.

Details

MLS#735629
Sub-TypeResale
StatusPending - Show
Days On Site334

Features

Story(s)0
Units40
Zoningmobile home park

Market Activity 81301

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Area Information

StateCO
CityDurango
Zip Code81301
AreaDurango Rural
Listing VS Median (in 81301)
Price:
$1,950,000
low | high
Med:
$440,404
100% of Average
On Site:
334
low | high
Med:
25.5
100% of Average
Listing Updated: 06/17/2018



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