30365 Highway 160
About this property
The Lilly Belle mobile home park, family owned and operated since 1996 is on the market for the first time. A great investment opportunity in Durango, CO. This cash flowing property is located the fast-growing Grandview area. 13 mobile home spaces and one stick-built home make up the rental pool. The spaces are rented at $600/month and the stick-built home is rented at $1200/month. Monthly income is $8400, all rents are below market value. Currently all leases are month to month. Each space has an individual LPEA and Atmos meter. The park is serviced by the South Durango Sanitation District/Loma Linda and a community well system. The well is maintained by the park owners and inspected by the state of Colorado. There is a 10,000 gallon, underground cistern on site for fire mitigation. The Lilly Belle is an opportunity that must be explored.
About this property
The Lilly Belle mobile home park, family owned and operated since 1996 is on the market for the first time. A great investment opportunity in Durango, CO. This cash flowing property is located the fast-growing Grandview area. 13 mobile home spaces and one stick-built home make up the rental pool. The spaces are rented at $600/month and the stick-built home is rented at $1200/month. Monthly income is $8400, all rents are below market value. Currently all leases are month to month. Each space has an individual LPEA and Atmos meter. The park is serviced by the South Durango Sanitation District/Loma Linda and a community well system. The well is maintained by the park owners and inspected by the state of Colorado. There is a 10,000 gallon, underground cistern on site for fire mitigation. The Lilly Belle is an opportunity that must be explored.
Features and Additional Information
Presented By Coldwell Banker Distinctive Properties Sun Valley
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Brokerage: Keller Williams Realty Southwest Associates, LLC
