Contact Information
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
Description
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.
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. |
Lot Information
Singlewide Lots: | 10 |
Doublewide Lots: | 0 |
Triplewide Lots: | 0 |
Park Model Lots: | 0 |
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 |
Download Documents
- General Property Information2 NHN Montana Avenue.pdf
- Profit and Loss Statement NHN Montana Avenue.pdf
- Floor Plans NHN Montana Avenue.pdf
- OPD NHN Montana Avenue half executed.pdf
- Plat Map NHN Montana Avenue.pdf