5820 N Montana Avenue Helena Mt 59602
5820 N Montana Avenue Helena MT 59602
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this offering presents the opportunity to acquire a stable, turn-key asset with upside in a fast-growing market in Montana. Helena Mobile Home Park is a 91-site mobile home and RV community offered for a 7.5% CAP rate. This property features on-site management, tenant owned homes and additional land for development.MOBILE HOME PARK: 51 Occupied Spaces 50 Tenant Owned Homes 1 LTO Lot Rent: $430 includes Water, Sewer & Garbage RV SPACES: 85 Long Term RV Sites 40 Full Service Sites @ $625/month plus electric 45 Electric Only Sites (Not part of DEQ licensure @ $525/month plus electricOTHER INCOME Studio Apartment 3 Bedroom Apartment Mailboxes Laundry Vending StorageUpside for Buyer: 1. Market rent for MHP spaces in Helena is $475 with current rents at $4302. Market Rent for Long Term RV sites in Helena=$695. Potential for $60 lot rent raise.See OM for plans to add Storage Facility including 258 10x20 storage units and 34 Long term RV Storage spaces