2400 Lake Ave Pueblo , CO 81004

Shamrock Mobile Home Park with Apartments in the Lake Minnequa area. Both properties at 2400 and 2435 are being offered together for the above list price. The lots contain a total of 1.46 acres and 34 income spaces: *13 park-owned homes * 11 apartments * 10 rental lots for mobile homes. Estimated 6.89% Cap Rate based on the $1.5M list price by renting 13 mobile homes at $750-$1,000 per month, 11 apartments renting at $700-$925 per month and 10 lot only spaces renting at $475 per month with operating expenses of $94,607 and net operating income of $104,220. Of the 13 mobile homes, 4 are not currently rented due to needing repairs/renovation to be rented. There is also a house on the property that has potential, along with the possibility of adding a few more lots to the existing space. Located within easy access to I-25, St. Mary-Corwin Hospital, Lake Minnequa outdoor activities, Wal-Mart, restaurants, and shopping. This property is being sold in compliance with Colorado Revised Statute 38-12-217.