Property Overview
MHRE Inc. is pleased to present the Colorado MHC Portfolio, which consists of 3 communities with a combined site count of 719. The Home Portfolio consists of 243 homes throughout the 3 communities. Approximately 50% of the homes have a model years between 2000 and 2013. Amenities include clubhouse (3), swimming pool (2), playground (2), spa, basketball court (2), library, BBQ area (2), laundry facilities, boat & RV storage.
Community Highlights
719 sites with an average of 69% occupancy
Pueblo has a strong demand for affordable housing
11% increase in median home prices from 2013 to 2014 ($144,896)
All 3 communities have convenient access to major highways and big box retail
Investment Summary
Year Built: 1972-1974
Size: 95.56 +/- acres
Average Rent/Site: $382
Number of Sites: 719
Occupancy: 68.8%
Cap Rate: 6.99%
Portfolio: $22,250,000
Home Portfolio: $4,500,000
Total Price: $26,750,000
Christopher Nortley
586-884-8416
chris@mhreinc.com
Enon Winkler
407-616-0250
enon@mhreinc.com
Ryan Opatich
586-884-8417
ryan@mhreinc.com
