Description
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
-
0BEDS
-
20.6ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
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
© 2024 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data last updated: 2024-12-10T16:18:42.5.
