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$ 4,349,000
Est. payment /mo
Active
5820 N Montana AVE Helena, MT 59602
5,180 SqFt
UPDATED:
11/22/2024 01:06 AM
Key Details
Property Type Commercial
Sub Type Building/Land
Listing Status Active
Purchase Type For Sale
Square Footage 5,180 sqft
Price per Sqft $839
MLS Listing ID 30020924
HOA Y/N No
Year Built 1970
Annual Tax Amount $28,350
Tax Year 2023
Lot Size 20.600 Acres
Acres 20.6
Property 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
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
Location
State MT
County Lewis And Clark
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Water Access Desc Well
Building
Dwelling Type Manufactured House,Mixed Use
Foundation Other
Sewer Private Sewer, Septic Tank
Water Well
Others
Tax ID 05188806115400000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Keller Williams Capital Realty
