20
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$3,500,000
Est. payment /mo
1,172 SqFt
New
390 E Dakota Dr. 1-35 Pus #451 Mountain View Dr Bayfield, CO 81122
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Key Details
Property Type Commercial
Sub Type Mobile/Manufact Home Park
Listing Status Active
Purchase Type For Sale
Square Footage 1,172 sqft
Price per Sqft $2,986
Subdivision Mountain View
MLS Listing ID 839123
Year Built 1972
Annual Tax Amount $16,990
Tax Year 2025
Lot Size 4.150 Acres
Acres 4.15
Property Sub-Type Mobile/Manufact Home Park
Property Description
Mini Mansions Mobile Village is a well-loved, in-town mobile home community in Bayfield, Colorado - the kind of park where pride of ownership shows the moment you turn in. Mature trees, lush vegetation, and irrigated grounds give the property a settled, residential feel that is uncommon in this asset class. Homes are cared for because the people who live here own them. The park offers 35 rental spaces plus a separate owner/manager's quarters in an on-site double-wide. Thirty-four homes are tenant-owned and owner-occupied. One space is vacant. That ownership profile is the backbone of the investment: stable occupancy, residents who treat the park as home, and none of the turnover and maintenance load that comes with park-owned inventory. Location is a true in-town Bayfield setting, with convenient access to schools, shopping, and daily services, and roughly a 20-minute drive to Durango. A green play area gives room to run. City utilities serve the community. Tenants pay their own electric and natural gas, which are each individually metered, which keeps operating exposure clean. Water, sewer, trash are Town of Bayfield service. Irrigation from the Schroeder Ditch supports the park's greenbelt character - Lawns, trees, and common area that look maintained because they are. This is not a dusty highway lot. It reads as a small neighborhood that has been looked after for decades. For the investor, Mini Mansions is a straightforward, cash-flowing community with a clear path to a minimum projected 6.5% cap rate with only minor changes - currently below market rents, water/ sewer/ trash paid by owner, and capture the upside already sitting in a well-occupied, owner-occupied park. Great housing opportunity in a supply-constrained southwest Colorado market. A rare chance to buy a complete, in-town Bayfield park where the landscaping, the occupancy, and the resident ownership all tell the same story: people take care of this place.
Location
State CO
County La Plata
Interior
Heating Natural Gas
Furnishings Unfurnished
Exterior
Parking Features Gravel, 2 per unit
Utilities Available Electric, Natural Gas, Sanitary Sewer, Water
Building
Story Lots
Sewer Public Sewer Installed
Water Public
New Construction No
Listed by Keller Williams Realty Southwest Associates, LLC
NEARBY SCHOOL & BUSINESS
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