A 72-SITE MANUFACTURED HOME COMMUNITY INVESTMENT OFFERING VILLAGE AT EAST FORK MHC 749 HIGHWAY 91 LEADVILLE, CO 80461

Transcription

1 A 72-SITE MANUFACTURED HOME COMMUNITY INVESTMENT OFFERING VILLAGE AT EAST FORK MHC 749 HIGHWAY 91 LEADVILLE, CO F o r a v i d e o t o u r o f t h e p r o p e r t y, g o t o :

2 72 Sites Acres Price $2,365,000* Terms All Cash *Offers must separate pricing for land and home inventory SITE INFORMATION Location 749 Highway 91 Leadville, CO County Lake County Price $2,365,000 (Offers must separate pricing for land and home inventory) Renovated 1995 Land Size & Density acres / 3.33 sites per acre Physical Occupancy 93% (January 2012) Avg Land Lease Rents $282 (water and sewer included) Roads Gravel Home Inventory 19 occupied (estimated value = $1,282,397) (Included in offer price) Home Loans (as of Jan 12) 19 loans (current balance = $1,145,016) (Not included in offer price) Utility System Water Private well INVESTMENT HIGHLIGHTS Rare opportunity to acquire an attractive, low density, all age manufactured home community in the scenic Rocky mountains Strict guidelines are maintained on home appearance to ensure Village at East Fork is the premier community in Leadville There are 19 inventory homes included in the sale, all of them are currently occupied through the home rental program Homes in community built by Golden West or Summit Crest and include high quality specifications such as 2x6 framing, dual pane windows, pitched shingle roofs, cardboard siding, insulated exterior doors, and R19 insulation in walls and R30 in attics Amenities include a trout pond for fishing, a playground and picnic area, and 2,000 feet of East Fork, Arkansas river frontage The renovation of the community in 1995 included upgrades to electrical service & the addition of natural gas, new mailboxes, street signs, picnic spaces, parking spaces and fencing Sale includes community owned truck and garage Sewer Gas & Electricity Trash Snow Removal Private lagoon system Excel Energy Available through several private companies Community owned truck AREA HIGHLIGHTS Village at East Fork is conveniently located off Highway 91 in Leadville, CO, 103 miles west of Denver and 129 miles northwest of Colorado Springs Originally a frontier mining town, Leadville is a picturesque community with Victorian architecture and beautiful mountain views. Nestled in a mountain valley, it is North America s highest incorporated city at 10,340 feet With 310 days of sunshine each year, summer temperatures seldom over 80 degrees, and easy access to numerous Rocky Mountain attractions, Leadville is an ideal location for outdoor enthusiasts. It features year round entertainment including hiking, camping, mountain biking, fishing and skiing In close proximity to numerous ski destinations and resorts, Village at East Fork is less than 45 minutes from Copper Mountain, Beaver Creek, Vail, Breckenridge, and Keystone Phoenix-based Freeport-McMoran Copper & Gold recently announced the reopening of the Climax Mine, located less than five miles to the North of the community. Once the largest economic driver of the County, the mine is in the process of recruiting 145 employees and is estimated to hold 380 full time miners at full production Colorado Mountain College, a nine-county community college district, has a residential campus in Leadville, offering traditional degree oriented college courses and transferable Associate of the Arts and Associate of Science degrees

3

4

5 VILLAGE AT EAST FORK HOUSING COST COMPARISON

6 PRESENTED BY ARA National Manufactured Housing Group FOR MORE INFORMATION ON THIS PROPERTY PLEASE CONTACT NATIONAL MANUFACTURED HOUSING GROUP: Todd Fletcher Larimer Street Suite 1700 Denver, Colorado Tel: Fax: Andrew Shih S. MoPac Expressway Barton Oaks Plaza II, Suite 275 Austin, Texas Tel: Fax: This information has been derived from sources deemed reliable. However, it is subject to errors, omissions, price change and/or withdrawal, and no warranty is made as to the accuracy. Further, no warranties or representation shall be made by Apartment Realty Advisors (ARA) and/or its agents, representatives or affiliates regarding oral statements which have been made in the discussion of the above property. This presentation, prepared by ARA, was sent to the recipient under the assumption that s/ he is a buying principal. Any potential purchaser is advised that s/ he should either have the abstract covering the real estate which is the subject of the contract examined by an attorney of his/her selection, or be furnished a policy of title insurance. Do not contact the Property. F o r a v i d e o t o u r o f t h e p r o p e r t y, g o t o : MULTIHOUSING INVESTMENT SERVICES Atlanta Austin Boca Raton Boston Charlotte Chicago Dallas Dayton Denver Houston Irvine Jacksonville Kansas City Las Vegas Orlando Phoenix Portland Sacramento Salt Lake City Seattle Tampa Washington DC copyright 2011 Apartment Realty Advisors, Inc. All Rights Reserved