For Sale
$9,900,000

4022 South AveMissoula, MT 59804

80-Unit Mobile Home Court, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity: a well-maintained 80-unit mobile home park in Missoula, Montana's desirable Target Range area. This 9.58-acre property boasts a low vacancy rate (under 5%) and a strong net operating income (NOI) of $410,000, resulting in a 4.14% capitalization rate. The asking price is $9,900,000. Located across from Target Range Elementary School, the park offers convenient access to medical facilities, shopping, dining, public transportation, parks, and recreational areas including the Bitterroot River and extensive public lands. The property includes 40 mobile homes and a single-family residence. Each unit features one parking space. Established over 40 years, this park benefits from long-term tenants and is situated in an area with high demand for affordable housing. This represents a rare chance to acquire a stable, cash-flowing asset in a thriving Montana community. No rent bumps are currently in place. This is a truly unique opportunity to own a piece of Missoula's real estate market.

Highlights

  • $9,900,000 asking price.
  • 80-unit mobile home park on 9.58 acres in Missoula, MT.
  • 4.14% cap rate with a $410,000 NOI.
  • Includes 40 mobile homes and one single-family residence.
  • Desirable Target Range location near schools, amenities, and recreation.

Property Details for 4022 South Ave

Property type
Mobile home & RV parks, Land

Location Insight

City
Missoula
County
Missoula
State
Montana
Latitude
46.8499152
Longitude
-114.0797908
4022 South Ave, Missoula, Montana

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4022 South Ave
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