9026 Kautzman Rd

*Mobile Home Park + Mini Storage Property for Sale
*9026 Kautzman Rd, Billings, MT
*For Sale $2,850,000
*20 Acres of Land
*Well & Septic
*30 Space Mobile Home Park – Lot Rent @ $350/mo + $50/mo for Water
*70 Mini Storage Units – 10×10 ($60/mo) and 10×20 ($90/mo)
*5,634 SF Shop + Carport + Covered Storage @ $3,245/mo
*1.3 Acre Fenced Yard @ $1,500/mo
*Significant Upside Available to Buyer – Market Lot Rent is $450/mo, Market Shop Rent is $5,000/mo and Mini Storage is Only 30% Occupied
*Current NOI = $221,796
*Current Cap Rate = 7.8%
*Pro Forma NOI = $320,976
*Pro Forma Cap Rate = 11.3%

9026 Kautzman Rd boasts over 100 streams of income with 30 mobile home park spaces (lot rent only), 70 mini storage units, 1 large shop/warehouse and a fenced yard space. As a low maintenance investment, the best part about this property is that all of the mobile homes are owned by the tenants and the tenant in the large shop space is responsible for his own property maintenance. 9026 Kautzman Rd promises significant upside potential with mobile home lot rent currently $100-$150/mo below market, mini storage facilities only 30% occupied and the large shop space currently leased well below market. With a little bit of work, this property could be your cash-cow and perform at over a 10% cap rate.