8 Unit Mobile Home Park for Sale in Ballantine, MT

2261 4th St W Ballantine, MT 59006

2261 4th St W, Ballantine, MT, 59006
2261 4th St W, Ballantine, MT, 59006 2261 4th St W, Ballantine, MT, 59006 2261 4th St W, Ballantine, MT, 59006 2261 4th St W, Ballantine, MT, 59006
FOR SALE
Property Type:
Mobile home
Amount:
$539,000
Last Verified:
Mar 16, 2022

Mobile Home Park for Sale in Ballantine, MT $539,000 8 Mobile Homes Total, 6 Park Owned City Water and Sewer Rent Roll: #1 - $850 #2 - Vacant #3 - $400 #4 - $850 #5 - $1,025 #6 - $400 #7 - $400 #8 - $675 Current NOI: $41,951 Current CAP Rate: 7.8% Gross Potential Rent: $71,700 Potential NOI: $53,306 Potential CAP Rate: 10.5% This 8 unit mobile home park is conveniently located 20 miles west of Billings in the city of Ballantine, MT. The 3 best attributes about this mobile home park is that 1) it’s on city services for water & sewer 2) There is upside opportunity in raising the rents and 3) this mobile home park provides affordable housing to the greater Billings/Ballantine area. With such high construction costs to build new, this mobile home park will provide great housing options for many years to come. It even includes large sheds for the tenants to store personal items in.

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Map of 2261 4th St W, Ballantine, MT, 59006

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.