5820 N Montana Avenue, Helena, MT 59602 - Lewis and Clark County

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

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