Mixed-Use Land for Sale in Helena, Montana
5820 N Montana Ave Helena, MT 59602
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 91-site mobile home and RV community offered for a 7.5% CAP rate. This property features on-site management, tenant owned homes and additional land for development.
MOBILE HOME PARK:
51 Occupied Spaces 50 Tenant Owned Homes 1 LTO Lot Rent: $430 includes Water, Sewer & Garbage RV SPACES:
85 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. Market rent for MHP spaces in Helena is $475 with current rents at $430
2. Market Rent for Long Term RV sites in Helena=$695. Potential for $60 lot rent raise.
See OM for plans to add Storage Facility including 258 10x20 storage units and 34 Long term RV Storage spaces
Directions
Head north from Helena on Montana Ave and property is on left.
Property details
- County
- Lewis and Clark County
- Elevation
- 3,737 feet
- MLS Number
- MWMTAR 30020924
- Date Listed
Legal description
S06, T10 N, R03 W, C.O.S. 3343908, ACRES 20.6, TRACT A-1
Parcels
- 05188806115400000
Property taxes
- 2023
- $28,350
Detailed attributes
Listing
- Type
- Commercial
- Franchise
- Keller Williams Realty
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| May 23, 2024 | Price drop | $5,200,000 | $455,000 -8% | MWMTAR |
| May 10, 2024 | New listing | $5,655,000 | — | MWMTAR |
| Mar 25, 2024 | Listing removed | $5,655,000 | — | — |
| Mar 15, 2024 | New listing | $5,655,000 | — | MWMTAR |