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.
Mobile Home Park for Sale in Ballantine, MT
$439,000
8 Mobile Homes Total, 6 Park Owned
City Water and Sewer
Rent Roll:
#1 - $1,000
#2 - Vacant
#3 - $400
#4 - $850
#5 - $1,025
#6 - $400
#7 - $550
#8 - $675
Current NOI: $45,083
Current CAP Rate: 10.3%
Gross Potential Rent: $71,700
Potential NOI: $53,306
Potential CAP Rate: 12.8%
- Property Type
Multi-Family
- Total Acres
0.81
- Number of Buildings
8
- Property ID
2212422
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