Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 9.2%
- Listing ID: 12909
- Posted On: Jun 2, 2010
- Updated On: Aug 1, 2013
Description
Unique mobile and RV park in Stevensville, Montana, with 14 mobile units and 5 RV spots as well as a commercial building and two apartments. There are 14 city lots in the offering. Half is zoned commercial, the other half is zoned R2. Not only is this an excellent income property but the upside potential from an appreciation standpoint is significant. The property sits just one block off of Main Street within easy walking distance to all services including medical, restaurants and drug store.
Craig Siphers and the Siphers Group with EXIT Realty Bitterroot Valley, Inc. is Western Montana's source for mobile home parks. Craig has over two decades of real estate experience. Countless numbers of clients have relied upon his experience to buy and sell commercial properties. Call him today at 406-360-9108.
Location
Life style of the Bitterroot Valley is fantastic. Skiing, hunting, fishing are all on the list. Wonderfull weather and stable economy. The property under this park is worth the purchase price.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 14 |
| Total Occupancy: | 92.8 % |
| Year Built: | 1965 |
| Average MH Lot Rent: | $265 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $66 |
| Operating Expense: | $20 |
| Net Operating Income: | $46 |
| Expense Ratio: | 30.3 % |
| Debt Info: | Free and Clear |
Lot Information
| Singlewide Lots: | 14 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 7 |
| Average RV Lot Rent: | $200 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |