Mobile Home Park for Sale on Bench Blvd
833 Bench Blvd
Billings, MT 59105
Property Type:Mobile home
Last Verified:Apr 29, 2022
*Mobile Home Park *For Sale $568,000 *5.5% Cap Rate *8 Mobile Homes @ $395/mo Lot Rent *Tenant Owned Mobiles *Tenants Pay All Utilities Including Water/Sewer *Clean & Well Maintained *Attractive Bench Blvd Location Across from Baseball Fields *Low Maintenance Income Property *Zoned Residential Manufactured Home *Net Operating Income = $30,707 Hard to find 8 unit mobile home park with 100% tenant owned mobiles. With virtually no maintenance responsibilities, this mobile home park provides a truly passive investment with consistent "mailbox money". Owner is currently raising lot rent to $395/mo with some mobile home parks in Billings collecting lot rents as high as $450/mo to $500/mo. City water and city sewer servicing all mobiles makes for a big plus.