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2261 4th St W, Ballantine For Sale Multifamily

2261 4th St W, Ballantine, MT
$539,000
  • Property Type multifamily
  • Brochure

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.

Brochure

View Brochure

Details

  • Land Area: .811 AC

Cindy Tapp

Mike Bruschwein

Mike Bruschwein

406-697-6176
Nathan Matelich

Nathan Matelich

406-781-6889

    CBS

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