For Sale
$180,000

36353 3 St Pablo, MT 59855

Montana Mobile Home Park - High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
133
Exceptional investment opportunity in Pablo, Montana! This distressed mixed-use property, classified as Class C, is listed at $180,000 and boasts a strong 6.81% cap rate, generating a net operating income (NOI) of $12,261. Currently operating at 95% occupancy, the property comprises four units situated on a 0.321-acre lot at 36353 3rd Street N, zip code 59855. The property includes three mobile homes, each equipped with a refrigerator, stove, washer/dryer, and propane tank (all owned by the seller). Residents enjoy spacious yards, ample shade trees, and off-street parking. A large storage shed is also located on the property. The mobile homes benefit from a long history of stable tenancy. A property manager is currently in place and available to continue management at a separate negotiated rate. The property is unzoned and free of covenants, offering flexibility for various commercial or residential uses. This presents a compelling opportunity for passive income generation, particularly attractive to investors seeking a motivated seller and a property priced to sell. The property's proximity to Pablo College adds to its appeal.

Highlights

  • $180,000 Asking Price for a Distressed Mixed-Use Property.
  • 6.81% Cap Rate with a $12,261 NOI.
  • 95% Occupancy across 4 Units.
  • 0.321-acre lot in Pablo, MT (59855).

Property Details for 36353 3 St

Property type
Mixed-use properties
Class
C
Lot Size (sq. ft)
13,983 SF
Units
4

Location Insight

City
Pablo
County
Lake
State
Montana
Latitude
47.5982966
Longitude
-114.1216591

FAQs

What type of property is this?
Mixed-use property - Montana Mobile Home Park - High Occupancy
Where is the mixed-use property located?
The property is located at 36353 3 St Pablo, MT.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: $180,000 Asking Price for a Distressed Mixed-Use Property.; 6.81% Cap Rate with a $12,261 NOI.; 95% Occupancy across 4 Units.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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36353 3 St
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