Description
*Mobile Home Park
*For Sale $568,000
*5.5% Cap Rate
*8 Mobile Homes @ $395/mo Lot Rent
*Tenant Owned Mobiles
*Tenants Pay All Utilities Including Water/Sewer
*Clean & Well Maintained
*Attractive Bench Blvd Location Across from Baseball Fields
*Low Maintenance Income Property
*Zoned Residential Manufactured Home
*Net Operating Income = $30,707
Hard to find 8 unit mobile home park with 100% tenant owned mobiles. With virtually no maintenance responsibilities, this mobile home park provides a truly passive investment with consistent “mailbox money”. Owner is currently raising lot rent to $395/mo with some mobile home parks in Billings collecting lot rents as high as $450/mo to $500/mo. City water and city sewer servicing all mobiles makes for a big plus.
Address
- Country: United States
- Province / State: Montana
- City / Town: Billings
- Postal code / ZIP: 59105
- Property ID 14090
- Price
- Property Type Investment-Property, Multifamily
- Property status Closed
- Land area 0.981 ac
- Zoned Residential Manufactured Home
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