460 E Colfax Avenue

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* Gross operating income has increased 8.24% year over year, as of December 31, 2025. 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 to Denver International Airport (Top 4 busiest airport in the U.S. by 2025 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: 6.74% • Pro Forma Cap Rate: 7.35%+ (including professional management) 460 E Colfax Avenue: • Additional Land Value with 100 ft high-visibility frontage, water tap, & 1940's structure. Total Price: $2,735,000.

Listing Office: Coldwell Banker Realty 24