408 NW 8th ST, Cedaredge, CO 81413
408 NW 8th ST, Cedaredge, CO 81413
408 NW 8th ST, Cedaredge, CO 81413
408 NW 8th ST, Cedaredge, CO 81413
408 NW 8th ST, Cedaredge, CO 81413
408 NW 8th ST, Cedaredge, CO 81413
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$ 1,850,000
Est. payment | /mo

10,550 SqFt


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$ 1,850,000
Est. payment | /mo
Save

10,550 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,550 sqft

Price per Sqft $175

MLS Listing ID 2317364

HOA Y/N No

Year Built 1966

Annual Tax Amount $613

Tax Year 2026

Lot Size 2.000 Acres

Acres 2.0

Property Sub-Type Multi Family

Source recolorado

Property Description

Great investment opportunity with this 12-Unit mobile home park. All units are park/Seller owned and 100% leased. Over the last 24+- months the 9 units and grounds were renovated. In 2026 three brand new units were added on vacant lots. $600,000 was recently invested in the renovations and in adding the new units. (original dates/ages of 9 units range from 1966-1983, albeit renovated and modernized). The in-place gross revenue of $215,000 and net operating income (NOI) of $159,000 generates an 8.6% CAP Rate. Nestled at the foot of Colorado's Grand Mesa, Cedaredge is a charming mountain town where small-town hospitality meets breathtaking natural beauty. With its sweeping views, mild four-season climate, and rich agricultural heritage, Cedaredge offers a slower pace of life surrounded by orchards, vineyards, and scenic trails. However, it's close to the employment centers of Grand Junction, Delta and Montrose. Listing agent is brother-in-law of Seller. Don't miss this awesome stable investment Opp, call or email now to tour the property!

Location

State CO

County Delta

Zoning R3

Interior

Fireplace N

Exterior

Utilities Available Electricity Connected

Roof Type Metal

Garage No

Building

Lot Description Corner Lot, Foothills, Landscaped

Sewer Public Sewer

Water Public

Others

Acceptable Financing Conventional

Listing Terms Conventional

REColorado (REColorado MLS)
Listed by Tyler Donegan Duncan Real Estate Services, Inc.

Schools and Properties Nearby

Brandon Lecocq

At EPIQUE Realty, we are dedicated to providing top-tier service, expert market knowledge, and a seamless buying or selling experience. Whether you're searching for your dream home or looking to sell for the best value, our team is committed to guiding you every step of the way. Fill out the form here to get started with Brandon and EPIQUE Realty today!

+1(719) 413-6610

brandon@theridgeline.group

1400 16th St, Denver, CO 80202-1470, USA

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408 NW 8th ST