For Sale

2261 4th St W, Ballantine

11184

Property ID

$539,000.00

Description

  • Mobile Home Park for Sale in Ballantine, MT
  • $539,000
  • 8 Mobile Homes Total, 6 Park Owned
  • City Water and Sewer
  • Rent Roll:
  • #1 – $850
    #2 – Vacant
    #3 – $400
    #4 – $850
    #5 – $1,025
    #6 – $400
    #7 – $400
    #8 – $675
  • Current NOI: $41,951
  • Current CAP Rate: 7.8%
  • Gross Potential Rent: $71,700
  • Potential NOI: $53,306
  • Potential CAP Rate: 10.5%

This 8 unit mobile home park is conveniently located 20 miles west of Billings in the city of Ballantine, MT. The 3 best attributes about this mobile home park is that 1) it’s on city services for water & sewer 2) There is upside opportunity in raising the rents and 3) this mobile home park provides affordable housing to the greater Billings/Ballantine area. With such high construction costs to build new, this mobile home park will provide great housing options for many years to come. It even includes large sheds for the tenants to store personal items in.

Address

Address: 2261 4th St W, Ballantine, MT
  • Country: United States
  • Province / State: Montana
  • City / Town: Ballantine
  • Postal code / ZIP: 59006
Open on Google Maps
  • Property ID 11184
  • Price $539,000.00
  • Property Type Multifamily
  • Property status For Sale
  • Land area 0.811 ac
  • Zoned Outside City Limits

File Attachments

Brochure-2261-4th-St-W-Ballantine-March-2022.pdf Download

Get Directions

Contact

406-656-2001
info@cbcmontana.com
Other Properties