this offering presents the opportunity to acquire a stable, turn-key asset with upside in a fast-growing market in Montana. Helena Mobile Home Park is a 94-site mobile home and RV community offered for a 9.0% CAP rate. This property features on-site management, tenant owned homes and additional land for development. Projected NOI for 2024 is $400k. MOBILE HOME PARK: 51 Occupied Spaces 50 Tenant Owned Homes 1 LTO Lot Rent: $430 includes Water, Sewer & Garbage RV SPACES: 40 Long Term RV Sites 40 Full Service Sites @ $625/month plus electric 45 Electric Only Sites (Not part of DEQ licensure @ $525/month plus electric OTHER INCOME Studio Apartment 3 Bedroom Apartment Mailboxes Laundry Vending Storage Upside for Buyer: 1. Rent raises in effect for Jan. 1. MHP spaces increase to $475/mo and long term RV spaces increase to $695/mo. See OM for plans to add Storage Facility including 258 10x20 storage units and 34 Long term RV Storage spaces
Listing Details
- UseBuildingLand
- Year Built1970
- Lot Size20.6000
