Commercial Real Estate for Sale at 5820 N Montana Avenue in Helena, MT for $4,349,000

Listing data last changed 11/21/2024
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5820 N Montana Avenue | Helena

$4,349,000

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 94-site mobile home and RV community offered for a 9.0% CAP rate. This property features on-site management, tenant owned homes and additional land for development. Projected NOI for 2024 is $400k. MOBILE HOME PARK: 51 Occupied Spaces 50 Tenant Owned Homes 1 LTO Lot Rent: $430 includes Water, Sewer & Garbage RV SPACES: 40 Long Term RV Sites 40 Full Service Sites @ $625/month plus electric 45 Electric Only Sites (Not part of DEQ licensure @ $525/month plus electric OTHER INCOME Studio Apartment 3 Bedroom Apartment Mailboxes Laundry Vending Storage Upside for Buyer: 1. Rent raises in effect for Jan. 1. MHP spaces increase to $475/mo and long term RV spaces increase to $695/mo. See OM for plans to add Storage Facility including 258 10x20 storage units and 34 Long term RV Storage spaces MTR 30020924

Directions to property: Head north from Helena on Montana Ave and property is on left.

MLS Listing ID: 
MTR 30020924
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$4,349,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Helena
Address: 
5820 N Montana Avenue, Helena, MT 59602, US
County: 
Lewis and Clark
Latitude: 
46.6569395
Longitude: 
-112.0247239
Building Details
Details about the building on a property.
Year Built: 
1970
Construction
Foundation Details: 
Other
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Water Source: 
Well
Sewer: 
Private Sewer, Septic Tank
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
20.6
Lot Size (Area): 
897,336
Waterfront: 
0
Public Record
Parcel Number: 
05188806115400000
Contract Details
Details about the listing contract.
Possession: 
Close Of Escrow
Disclosures: 
Disclosure on File, Owner Is Listing Agent, Seller Disclosure
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Kirsten DeHart
Listing Office Name: 
Keller Williams Capital Realty