-$$4,900,000

2 Park Port – Empire & Lawson CO

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The Esterson MHC Team is pleased to present the 2 Park Port – Empire & Lawson CO, a cash-flowing, value-add manufactured housing investment consisting of 38 total units across two communities located in Lawson, CO and Empire, CO, along Colorado’s highly desirable I-70 mountain corridor.

Located west of Denver along the I-70 corridor connecting the Denver Metro Area to Summit County and Colorado’s major resort markets, Lawson and Empire serve as critical workforce and commuter housing hubs. The region benefits from proximity to outdoor recreation, tourism-driven employment, and regional trade, while facing significant housing supply constraints due to zoning restrictions, limited land availability, and high replacement costs. These dynamics continue to drive strong demand for affordable housing options throughout Clear Creek County.

The portfolio consists of 38 total units, including 17 TOH, 1 vacant lot, 6 apartment style occupied units and 1 vacant apartment style unit at Western Inn and 7 TOH, 1 RTO & 5 apartment style occupied units at Empire Junction, along with limited vacancy across the portfolio, providing immediate and stable cash flow. The unit mix includes manufactured home lots and single-family homes & apartment units, offering diversified income streams. In-place rents remain below market, with meaningful upside through mark-to-market rent increases and improved revenue recapture.

The communities are serviced by private water and public sewer at Western Inn and septic at Empire Junction, with trash service provided via dumpsters at both parks. Water & Sewer & Trash are included in rent. Roads are privately maintained. The properties are not located in an Opportunity Zone. Empire Junction is in a flood exposure but only a few lots are affected. Western Inn is not in any Flood Zone.

The portfolio is being offered at a purchase price of $4,900,000, reflecting an in-place global cap rate of approximately 8.01% based on trailing financials. Under a market rent and stabilized expense scenario, the portfolio is projected to achieve a global cap rate approaching 10%, with an estimated stabilized value of approximately $5.7 million at a 7.0% exit cap rate. This represents a compelling opportunity for investors to acquire scale in a high-barrier-to-entry Colorado market with strong in-place income and a clear path to value creation.

All offers must include price, inspection timeline, terms, proof of funds, due diligence requirements, and relevant manufactured housing or real estate ownership experience.

Broker Info:

Adam Lewis – Marcus & Millichap
1144 1tth St., Suite 2150, Denver, CO 80202
(303) 328-2000
ER.10009120/ EC. 100048709

Offering Materials

Details

Price : -$$4,900,000
# of Parks : 2
Investment Type : Value Add
Property Type : MHP
Status : On-Market
Address : 2579 Co Rd 308 Idaho Springs, CO 80452
MSA/ST : Denver CO MSA
Tenants : 36
Utility : Mixed
Occupancy Rate : 95%
Current Average Lot Rent : $1,204
Current Average POH Rent : $1,359
Gross Income (All Income Sources) : $559,102
Deal # : 1642
Lots : 38
Lot Size : 38
Property ID : 14039

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