Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 8.5%
- Listing ID: 1118244
- Posted On: Aug 9, 2019
- Updated On: Nov 26, 2019
Description
9 park owned mobiles, 30 storage units, 7 RV parking spots, office space, coin operated laundry, and the only RV dump in the city, all on city services set on just under 2 acres of prime commercial property along the beautiful Missouri River.
PRICE REDUCED! MOTIVATED SELLER! BRING ALL OFFERS!
Location
Townsend, MT is a small agricultural town of approximately 2000 people situated along highway 287 between the state capital, Helena, and the booming hotbed of Bozeman. Affordable housing is in high demand, making vacancies extremely low.
Amenities
- Laundromat
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 9 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1992 |
| Average MH Lot Rent: | $675 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $94,000 |
| Operating Expense: | $45,306 |
| Net Operating Income: | $44,000 |
| Expense Ratio: | 48.2 % |
Lot Information
| Park Model Lots: | 9 |
RV Information
| Number of RV Lots: | 7 |
| Average RV Lot Rent: | $400 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 9 |
| Average Rent for Park-owned Homes: | $675 |