Sterling MHP

Sterling MHP consists of an 18 pad MHC, as well as 5 individual manufactured homes off-site. Of the 18 pads in the MHC, 14 are occupied by tenant owned manufactured homes with 2 of the units currently vacant. Of the 5 off-site pads, 4 are occupied by tenant owned homes and 1 is vacant.
Lot rent is currently $500 per month, offering upside for new ownership. The two vacant pads in the MHC will accommodate new manufactured homes, offering additional upside for new ownership through minor infill.
Each home in the MHC features a storage shed for tenant use, which is included in lot rent.

100% Tenant Owned Homes. All occupied homes in the MHC and the off-site homes are owned by the tenants.
Direct Billed Utilities. Water, sewer, and trash services for the park and individual homes are serviced by the city of Sterling. The electricity and natural gas are serviced by Excel Energy. All of the utility bills are directly sent to the tenants for collection.
City Maintained Streets. Two of the three roads in and around the MHC are gravel and are owned and maintained by the City of Sterling. Ownership is responsible for maintenance of the alleyways through the center of the property. The 5 off-site homes are located on paved roads that are owned and maintained by the city.
Below Market Lot Rent. Market lot rents are estimated to be at $525-$550/month.

The home at 1546 Evans Street is currently vacant and may be excluded from the sale. Contact Broker for additional details.

Sterling, Colorado is home to about 14,000 people and is located off Interstate-76, in northeast Colorado.
Sterling is about 130 miles from Denver. Due to its size and location, Sterling is the largest city in northeastern Colorado. It is the anchor town for many of the smaller communities that surround it.
The median property value is $205,000, while the median household income is $44,000/year.
Over 50% of the residents in Sterling travel less than 10 minutes a day for their commute to work; meaning that Sterling has a self-sustaining local economy.

Sterling's local economy is primarily comprised of government employees (19%), retail trade workers (16%), and healthcare workers (13.5%).
The government jobs in Sterling range from university professors, PreK-12 teachers/staff, and Colorado Department of Corrections employees.
The largest employers in Sterling are: The Colorado Department of Corrections, Banner-Sterling Regional Health Center, and Northeastern Junior College.