11 results
Address
Asking Price
9026 Kautzman Rd
Billings, MT
Lot Size:20.00Acres
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.
*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 – 10x10 ($60/mo) and 10x20 ($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%
$2,850,000
313 Sheridan St
Plentywood, MT
Lot Size:0.38Acres
*313 Sheridan Ave, Plentywood, MT
*5 Unit Apartment Complex for Sale
*Price Reduced to $199,000
*3,592 SF Building
*0.318 Acres of Land
*Built 1948/Remodeled 2010
*5 Units Rented @ $600/mo
*Tenants Pay Electric
*NOI = $23,186/yr
*Cap Rate = 11.7%
Well maintained 5 plex in Plentywood, MT for sale. Currently 100% occupied with 3 units on the main floor and 2 in the basement. Includes onsite laundry that is a free service to the tenants, but could be converted to coin-op. Electrical and plumbing in 5 plex has been completely redone. New roof in 2009.
$199,000
369-375 Westchester Square 4 Plex
369 Westchester Sq S
Heights, Billings, MT
Lot Size:0.23Acres
Located in the Heights with convenient access to Wicks, Lake Elmo and nearby amenities. Fully leased Heights 4 Plex offering 2 bedroom, 1.5 bath units with individual/private garages and many recent updates.
$425,000
Pollyanna Drive
5464 Pollyanna Dr
Shepherd, MT
Lot Size:7.76Acres
S03, T02 N, R27 E, C.O.S. 1162, PARCEL 3B2 1, AMND 7.762AC(98) 4-unit single family rental portfolio sitting on nearly 8 acres in Shepherd, Montana. These units have all had significant updates in the previous 3 years. A full list of updates is available in the offering memorandum.
$460,000
Lockwood Mobile Home Park
3955 Bluebird St
Billings, MT
Lot Size:2.93Acres
Mobile Home park is located in the Lockwood neighborhood of Billings, MT which provides convenient access to nearby schools including the brand new Lockwood High School, and is located just 10 minutes from downtown Billings with access to the Heights as well. Lockwood Mobile Home Community offering includes 30 Lots, 29 Park Owned Mobiles, No Vacancy with sub metered electric and gas. The site totals almost 3 acres and is comprised of Pinehills Court (Single Tax ID, 10 Lots, 10 Park Owned Mobiles), Bluebird Court (Two Tax IDs, 10 Lots, 9 Park Owned Mobiles) and Canary Court (Single Tax ID, 10 Lots, 10 Park Owned Mobiles). Septic Systems: Pinehills: SW Corner of Lot Bluebird: between Unit 6-7, another behind 5 Canary: by 1819, another by 1807 Section 8 Tenants: Pinehills: Units 2/7 Bluebird: Units 2/7 Canary: Units 3909 & 3909 1/2
$1,295,000
2314 - 2316 Yellowstone Avenue
Billings, MT
Lot Size:0.21Acres
Excellent Mid-Town location. Close to schools, shopping & businesses. Quiet neighborhood. Front to Back Duplex for sale in quiet, mid-town location. Centrally located off 24th St and Broadwater Avenue. Great access to shopping, dining & businesses. Units currently lease for $800/900 month plus NWE/MDU. Owner pays water. Section 8 approved. Great opportunity!
$285,000
Streeter Brothers Building
2823 6th Ave N
Billings, MT
Lot Size:0.48Acres
Convienent downtown location with access to the downtown core, the hospitals and MSUB university, and easy access into midtown Billings or the Billings' heights. Well located mixed use commercial building offering 17 apartment units, main level professional office space, ample off street parking and convenient downtown access. The property also has a newer TPO roof ($73k), a newer boiler ($30k), 7 remodeled apartment units ($47k) and includes 19 stoves, 18 refrigerators and various AC window units.
$1,500,000
Tahoe Acres
704 N Front St
Townsend, MT
Lot Size:1.95Acres
Smaller park with 9 mobiles, 30 storage units, and 7 RV parking spots on city services. Room for one or two additional camp sites or dry cabins (water/electric stubbed). Great GOI for an entry level park. Solid location with high demand for affordable housing and busy campground. Park is not currently metered separately for propane or electric. Some additional income available from RV dump, unutilized office space, and coin operated laundry. Seller financing negotiable with the right offer.
$521,500
9 Sisters
313 S 32nd St
Southside, Billings, MT
Lot Size:0.96Acres
Southside 14 Units for Sale, 11 structures total with stable rental income and recent improvements.
$875,000
905 S Pearson Ave 24 Plex
Glendive, MT
Lot Size:1.10Acres
For Sale is a 24 plex apartment complex comprised of three buildings with eight units each. It is located in South Glendive near Whipkey Park that has ballfields, playground, etc. And is close to Dawson Community College. Built in 1974, each building has a clean and convenient laundry facility for tenant use. Each has a large commercial gas fired water heater. The buildings have membrane roofs in varying ages, the newest being 2013. Siding is low maintenance vinyl and there has been recent exterior paint. There are a couple sheds on site for owner/manager’s maintenance equipment and supply storage. Parking is more than adequate. Yard has an underground sprinkler system. Prior to 2013 this property was subsidized and rent capped, but now it is free market. Rents have been raised (as noted above there is likely room to go higher) and the owners have been more able to reinvest in the property, eliminating significant deferred maintenance issues. From January 2013 – August 2017 capital improvements totaled more than $100,000.
$850,000
Casitas Del Rio
1217 W Bell St
Glendive, MT
Lot Size:35.00Acres
This well kept 124 unit park is found near the river in Glendive and features expansive spaces, city water, and city sewer.Lot rent has not been raised since 2014!!Buyer to verify all finances provided.
$3,500,000
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Market Stats
Montana has 1,079 commercial real estate spaces for lease, representing 10,103,671 sqft space.
938 buildings are available for sale.
In the past 30 days, Montana has had 744 spaces leased and 8 new spaces come on market.
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