Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Land: This is land for developing a mobile home park
  • Listing ID: 1634211
  • Posted On: Mar 29, 2022
  • Updated On: Jul 4, 2022

Description

Check out this 1.5+ acre mobile home park in Billings with 5 lots plus potential for expansion and a shop. Seller pays electricity for community well water and garbage only. Included on property is 30x48 shop with separate electric meter, cement floor. Zoning is coveted Residential Manufactured Home (RMH) This court has a country feel and is private yet close to shopping and amenities. Currently has 5 longterm renters with tenant owned homes. This court has the potential for 21 total mobile home lots if the buyer connects to city water/sewer and develop the site (buyer to verify and get details from city on lot possibilities). Plenty of off street parking. Lots currently rented below market value, see attachments for information. Call (406) 670-1746

Location

Billings, MT

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 5
Total Occupancy: 100.0 %
Year Built: 1960
Average MH Lot Rent: $350
Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income: $27,600

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $0