Billings, MT Multi-Family Commercial Real Estate
6 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
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
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
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
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Market Stats
Billings has 444 commercial real estate spaces for lease, representing 2,109,002 sqft space.
164 buildings are available for sale.
In the past 30 days, Billings has had 245 spaces leased and 8 new spaces come on market.
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