727 1st Ave, Longmont, CO 80501

$675,000
List Price
$675,000
Status
ACTIVE
MLS#
939232
Year Built
1940
Lot Size
37,461
Subdivision
Patio Park Mobile Home Park

Property Description

Great income potential with this mobile home park .Property consists of 11 mobile homes. 9 are owned by Seller. The 2 not owned by seller pay $350/mo. lot rent. Subject to 1031 exchange. Property is currently in a flood plain but according to the city, it will be out of the flood plain by 2023.

Additional Information

Taxes
$3,389
New Financing
Cash, Conventional
Capitalization Rate
7.4
Construction
Metal Siding
Style
1 Story/Ranch
Property Styles
1 Story/Ranch
School District
ST Vrain Dist RE 1J
Elementary School
Central
Middle School
Westview
High School
Longmont
Approximate Acreage
0.86
Heating
Individual Heat Source
Utilities
Natural Gas
Basement Foundation
No Basement
Gross Operating Income
59520.0000
Net Operating Income
$49,974
Total Operating Expense
9546.0000
Tenant Pays
Association Fees
Parking Per Unit
1 Space/Unit
Total Numberof Units
9
Zoning
MU-D
Locale
Longmont
Inclusions
Smoke Alarm(s)
Ownership
Private Owner
Possible Usage
Mobile Homes

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of RE/MAX Traditions, Inc.

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Listing data last updated: