8 Unit Mobile Home Park for Sale in Ballantine, MT
2261 4th St W
Ballantine, MT 59006
Property Type:Mobile home
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.