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Mobile Home Park Details

  • Price: $1,100,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 3.4%
  • Listing ID: 4001223
  • Posted On: Nov 16, 2023
  • Updated On: Nov 16, 2023


This property offers an extraordinary amount of potential for any savvy builder or developer. Two single-family residences and 8 separate lots which total approximately 0.88 acres of land. All land and both residences must convey together. The two residences are solidly built and offer two bed/one bath rentals for the current owner. One residence even offers a lower level mother-in-law space with a separate bathroom and entrance. The remaining 7 lots (all 40' x 130') are currently being used as a mobile home park with seven spaces leased and two more spaces available to lease. Explore the possibilities of owning two well-built and tenant occupied homes on 0.88 acres of developable land. The maximum zoning density for this acreage is 11 homes per acre. All of this income and development potential is within 7 minutes of downtown Missoula and the UM campus.

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Park Information

Community Type: All Age
Number of MH Lots: 10
Total Occupancy: 70.0 %
Year Built: 1940
Average MH Lot Rent: $300
Size: 1 acre(s)

Financial Information (Pro Forma)

Gross Income: $55,200
Operating Expense: $18,029
Net Operating Income: $37,170
Expense Ratio: 32.7 %
Debt Info: Potential for higher net income.

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $1,200

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