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 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
Directions
Head north from Helena on Montana Ave and property is on left.
Location
- Street Address
- 5820 N Montana Ave
- County
- Lewis and Clark County
- Elevation
- 3,737 feet
Property details
- MLS Number
- MWMTAR 30020924
- Date Posted
Property taxes
- 2023
- $28,350
Parcels
- 05188806115400000
Legal description
S06, T10 N, R03 W, C.O.S. 3343908, ACRES 20.6, TRACT A-1
Detailed attributes
Listing
- Type
- Commercial Sale
- Franchise
- Keller Williams Realty
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 4, 2024 | New listing | $4,349,000 | $401,000 -8.4% | MWMTAR |
| Sept 25, 2024 | Listing removed | $4,750,000 | — | — |
| Sept 18, 2024 | Price drop | $4,750,000 | $450,000 -8.7% | MWMTAR |
| 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 |