Mueller & Hoffman List Pioneer Village in Denver, Colorado
Mueller & Hoffman Manufactured Housing is pleased to offer for sale Pioneer Village Mobile Home Park.
PIONEER VILLAGE MOBILE HOME PARK is a 113 site, 2.5-star, all-age manufactured home community located in Denver, Colorado. Situated on 10.93 acres, the park consists of 112 mobile home sites (a mixture of single and double wides) and one 2 bedroom, 1 bath apartment located in the clubhouse building with a separate entrance.
The property amenities include a swimming pool, clubhouse, billiard room, laundry facility, RV storage, maintenance room, manager’s o ce and restrooms. All utilities are provided by the City of Denver. Gas and electric are directly billed to each resident. The parks streets are wide and are in average condition. Site improvements include asphalt streets, curbs, gutters and street lights. The landscaping throughout the park consists of mature trees, shrubs and grass areas and a wood fence surrounds the entire property.
The asking price of $7,700,000 is supported by an approximate NOI of $416,000, based on the January, 2016 rent roll annualized and in-place expenses. There are no park owned homes and average rents are $560, which includes trash, sewer and water service, while occupancy is 98%.
