Contact Information

Mobile Home Park Details

  • Price: $550,000
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 7.5%
  • Property ID: 1118244
  • Posted on Aug 9, 2019

Property Description

9 park owned mobiles, 30 storage units, 7 RV parking spots, office space, coin operated laundry, and the only RV dump in the city, all on city services set on just under 2 acres of prime commercial property along the beautiful Missouri River.

Location

Townsend, MT is a small agricultural town of approximately 2000 people situated along highway 287 between the state capital, Helena, and the booming hotbed of Bozeman. Affordable housing is in high demand, making vacancies extremely low.

Amenities

  • Laundromat
  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 9
Total Occupancy: 90.0 %
Year Built: 1992
Average MH Lot Rent: $675
Size: 2.0 acre(s)

Financial Information (Pro Forma)

Gross Income $86,141
Operating Expense $45,137
Net Operating Income $41,003
Expense Ratio 52.4 %
Debt Info

Lot Information

Park Model Lots: 9

RV Information

Number of RV Lots: 7
Average RV Lot Rent: $400

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $675

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