Style: Building Land
Year Built: 1970
$4,349,000
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 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
Details
MLS#: 30020924Price: $4,349,000
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: 2025-01-21T15:27:50.000-07:00.
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