408 Nw 8th St Unit 1-12, Cedaredge, CO 81413

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, and 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. Don’t miss this awesome stable investment Opp, call or email now to tour the property!