Contact Information
Zack Michalies
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.
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 |