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460 E Colfax Avenue, Bennett, CO 80102
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$2,735,000
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Home Details for 460 E Colfax Avenue
Price
$2,735,000
Type
Commercial/Industrial
Year Build
1940
Sq. Ft.
16150
Lot Size
1.32
County
Adams
Tax
$7,450
MLS®️ Listing#
9993695
On exitrealty.com
450 days
Property Description
Opportunity to own multiple income streams in the growing town of Bennett. The 13-unit manufactured home community is turnkey with newer Champion homes (2017 to 2019), park-owned, rented, and included in the sale. Each unit is separately metered for gas and electric. The community is served with city water and sewer, each unit having a sub meter system for individual water utility billing. The Champion manufactured homes are a spacious 1,150 sq ft, 2 bed/2 bath layout, with 2x6 exterior walls, smart siding, 50yr Malarkey Legacy shingles (2021), and a two-car driveway directly in front of each unit. Registered with the Colorado Division of Housing Mobile Home Park Oversight Program (MHPOP) as Bennett Homes, MHP-003371. **Note: All units are park-owned**
Develop an additional income stream with 100 ft of high visibility frontage along E. Colfax Avenue and Town of Bennett commercial mixed-use zoning. Reimagine the approximately 1,200 sq ft 1940’s structure: perhaps future retail, or a convenient office for your growing enterprise. Invest in an area that has experienced a notable population increase since 2020, with an average annual growth rate of 8.7% in the Town of Bennett. The population in Bennett is projected to continue expansion at a 12% - 20% growth rate per year with projections through 7/1/2029. (Source: Town of Bennett publication, November 2024.)
Convenient location for tenants, near Denver International Airport (Top 6 busiest airport in the world by 2024 passenger count), Colorado Air & Space Port, and the adjacent Data, Tech, and Industrial developments at Port Colorado & Rocky Mountain Rail Park.
Bennett Homes: 13-Unit Manufactured Home Community:
• In-Place Cap Rate: 6.0%
• Year 1 Cap Rate: 6.4% +
• Pro Forma Cap Rate: 8.0%
460 E Colfax Avenue:
• Additional Land Value with water tap & 1940's structure.
Total Price: $2,735,000.
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- Utilities
- Natural Gas Available
- Electricity Connected
- Natural Gas Connected
- Water Features
- Public
- Parking
- Concrete
Listing Courtesy: Coldwell Banker Realty 24 - matt.brinkhoff@cbrealty.com,303-324-0241
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EXIT REALTY DTC, CHERRY CREEK, PIKES PEAK
383 Inverness Parkway Suite 140, Englewood, CO 80112
Licensed in the state of Colorado
Sheryll White Broker. 303 790 7200