Homes for sale - 460 E Colfax AVE, Bennett, CO 80102

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Bill Watson

Watson Group

bill@watsonrg.com +1(303) 842-0836

$2,735,000

Est. payment - /mo

1.32 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 9993695

HOA Y/N No

Originating Board recolorado

Year Built 1940

Annual Tax Amount $7,450

Tax Year 2023

Lot Size 1.320 Acres

Acres 1.32

Property Sub-Type Multi-Family

Property Description

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.

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 for tenants, near Denver International Airport (Top 6 busiest airport in the world by 2024 passenger count), Colorado Air & Space Port, and the adjacent Data, Tech, and Industrial developments at Port Colorado & Rocky Mountain Rail Park.

Total Price: $2,735,000:
Bennett Homes: 13-Unit Manufactured Home Community:
• Current Cap Rate: 5.71%
• Pro Forma Cap Rate: 7.78% +
460 E Colfax Avenue: Additional Land Value, water tap, & 1940's structure.

Location

State CO

County Adams

Zoning Commercial

Interior

Fireplace N

Exterior

Parking Features Concrete

Utilities Available Electricity Connected, Internet Access (Wired), Natural Gas Connected

Total Parking Spaces 26

Garage No

Building

Sewer Public Sewer

Water Public

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Coldwell Banker Realty 24 • matt.brinkhoff@cbrealty.com,303-324-0241

"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(303) 842-0836

bill@watsonrg.com

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460 E Colfax AVE Bennett, CO 80102