460 E Colfax AVE, Bennett, CO 80102
460 E Colfax AVE, Bennett, CO 80102
460 E Colfax AVE, Bennett, CO 80102
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$2,330,000
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1.32 Acres Lot
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460 E Colfax AVE Bennett, CO 80102

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Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 9993695

HOA Y/N No

Year Built 1940

Lot Size 1.320 Acres

Acres 1.32

Property Sub-Type Multi Family

Property Description

Recent Price Improvement: 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. New water supply, sewer line, electric and gas utilities infrastructure installed on the property prior to new manufactured homes beginning in 2017. The Champion manufactured homes are 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* Develop an additional income stream with 100 ft of high visibility Colfax Ave frontage and commercial mixed-use zoning. Reimagine the approximately 1,200 sq ft 1940's structure: a convenient location and great visibility for your growing enterprise? Primary uses for the Colfax Ave frontage location are: Retail and convenience store, restaurant, personal and business services, and professional office. Invest in an area with notable population increase since 2020, an average annual growth rate of 8.7% in the Town of Bennett. Convenient location to Denver International Airport, 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 = $2,200,000:
Projected first year Cap Rate: 7.27% + (including professional management)
•460 E Colfax Avenue = $225,000:
Additional Land Value with 100 ft high-visibility frontage, water tap, & 1940's structure.
•Total = $2,425,000.
**List Price: $2,330,000.

Location

State CO

County Adams

Zoning Commercial

Exterior

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

Waterfront Description Public

Private Pool No

Building

Sewer Public Sewer

Water Public

Others

Tax ID R0180861


REColorado MLS
Listed byColdwell Banker Realty 24

Nearby Locations

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Travis Hightower

Travis Hightower

+1(303) 829-7724

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TESTIMONIALS

Travis Hightower is an exceptional real estate professional. I worked with him on the sale of my condo, and his professionalism, initiative, and attention to detail were outstanding from beginning to end. Travis took ownership of the entire process. He coordinated the contractors, got the property market-ready quickly, and produced a listing that stood well above the competition. The photography and presentation were first-class. He even took the initiative to meet with the HOA to better understand the property's finances, future plans, and implications for residents. The results spoke for themselves. Despite listing in December, we were under contract within a week and closed in less than a month. We also achieved an excellent price, particularly considering a condo one building over sold for approximately 11% less just a few months later. I was traveling internationally during much of the process, but Travis and his team made everything straightforward. Communication was consistently clear, responsiveness was excellent, and the closing team was equally professional and reasonable in its fees. Real estate is clearly more than a profession to Travis. He lives and breathes it, and that commitment shows in the quality of his work, the people he surrounds himself with, and the results he delivers. Beyond his professionalism, Travis is genuinely warm, personable, and a pleasure to work with. He has a way of making you feel at ease and that you're in good hands. I couldn't be happier with the experience and would recommend Travis without hesitation.

James

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460 E Colfax AVE