Contact Information

Mobile Home Park Details

  • Price: $1,700,000
  • Purchase Method: Cash, New Loan
  • Land: This is land for developing a mobile home park
  • Cap Rate: 8.0% (Actual)
  • Listing ID: 6809838
  • Posted On: Jan 22, 2025
  • Updated On: Jan 22, 2025

Description

Not your normal mobile home park, this forty acres investment property is nestled between Antelope Hills and Barr 11 subdivision in Billings MT. Each home site provides 1 acre to stretch out, they are equipped with a sheds and host their own gas and electric service for ease of management. 8 Mobiles, 2 shops and 6 independents horse pasture rentals are included in this sale. 100% occupied. Room for a Storage Facility or more Mobile home sites if desired. Horse Pastures include shelters with tack rooms, heated waters and electricity and use of an outside arena. Seven Mile Creek runs through the property. Operating Expenses include property management which is currently in place.

Location

The property is located between Barr 11 and Antelope Hills in Billings MT.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 8
Total Occupancy: 100.0 %
Year Built: 2013
Size: 40 acre(s)

Financial Information (Actual)

Gross Income: $168,000
Operating Expense: $26,223
Net Operating Income: $134,688
Expense Ratio: 15.6 %

Lot Information

Singlewide Lots: 7
Doublewide Lots: 1

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $1,415