Style: Building Land
Year Built: 1970
$5,200,000
5820 N Montana Avenue, Helena, MT 59602, US
Remarks
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 91-site mobile home and RV community offered for a 7.5% CAP rate. This property features on-site management, tenant owned homes and additional land for development.
MOBILE HOME PARK:
51 Occupied Spaces 50 Tenant Owned Homes 1 LTO Lot Rent: $430 includes Water, Sewer & Garbage
RV SPACES:
85 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. Market rent for MHP spaces in Helena is $475 with current rents at $430
2. Market Rent for Long Term RV sites in Helena=$695. Potential for $60 lot rent raise.
See OM for plans to add Storage Facility including 258 10x20 storage units and 34 Long term RV Storage spaces
Details
MLS#: 30020924Price: $5,200,000
Style: Building Land
Year Built: 1970
County: Lewis and Clark
Tax Fee: 28350
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Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Montana Regional MLS
Last updated: 2024-05-23T09:21:05.000-06:00.
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