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.

Brochure

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Details

  • Land Area: .981 AC
  • Zoning: RMH-Residential Manufactured Home