40781 Hwy 160

Description

Incredible 10%+ ROI Investment with Two Deeded Parcels on Highway 160 " Ideal for 1031 Exchange. Exceptional opportunity for investors seeking steady cash flow, future development upside, and a well-located, multi-use property in the heart of Mancos. This offering includes two separately deeded parcels totaling approximately 2.86 acres, with diverse income sources from residential rentals, commercial tenants, and mobile home pad leases. Combined, the properties generate over $113,000 in gross annual income, with yearly expenses of $24,000, resulting in a net income of $89,000, which yields an impressive return on investment of over 10%. The setting is especially picturesque, with gentle views of the Mancos Valley and Mesa Verde to the south, and the La Plata Mountains rising in the distance to the north, offering a peaceful backdrop that enhances the property's charm and appeal for residents. The front 0.68-acre parcel features a 1,465-square-foot single-level home with four bedrooms, two bathrooms, and a two-car garage, currently rented for $1,595 per month. A 2,400-square-foot commercial building on the same parcel includes an office space rented for $775 per month and the Mancos Valley Laundromat, which is included in the sale and is currently operated by a tenant. The laundromat generates approximately $1,200 per month in net income. An additional mobile home on this parcel brings in $1,100 per month in rent. This parcel benefits from excellent visibility and frontage on Highway 160, with traffic counts exceeding 7,000 vehicles per day, providing strong exposure for commercial tenants and businesses. The second parcel, measuring approximately 2.18 acres, includes 9 mobile home lot rentals. Two of the mobile homes are included in the sale"one is rented at $1,000 per month, and the other at $1,175 per month. The remaining seven pads are rented at $500 per month each, contributing an additional $3,500 per month in consistent rental income. This parcel also includes a scenic green space with a pond and a water stream at the rear of the property. Previously used as a campground, this area may offer future potential for another income-producing pad. Utilities include central water and sewer through the Town of Mancos, natural gas via Atmos Energy, electricity provided by Empire Electric, and internet service is available. Some mobile homes use propane heating. The property is zoned Commercial and located just one mile west of the intersection of Highways 160 and 184, offering easy access to Mesa Verde National Park, the Four Corners region, and year-round recreational attractions. This well-maintained and versatile property offers immediate cash flow, long-standing tenants, minimal owner involvement, and the opportunity for future income growth. Whether you are executing a 1031 Exchange or seeking a stable long-term investment in one of Southwest Colorados most scenic and accessible areas, this property checks all the boxes.