Profitable Investment Property with 10% - 20% Returns

Mobile Home Park For Sale By Owner.

If you're looking for an investment property that can give you annual cash-on-cash returns of 10% - 20%, we have an opportunity for you. We have a mobile home park for sale in Conrad Montana that is currently profitable and has loads of potential.

This is one of the mobile homes in the park.

What it is:
This is a 69-unit mobile home park in Conrad, Montana (just north of Great Falls). The park is on approximately 20 acres, and is bounded by city streets.  City utilities, electricity, gas, and telephone are available to each lot.  There is easy access to the park from the downtown and a major interstate highway.  

Features:

• 69 lots ranging in size from 5,040 to 6,305 square feet.  
• 30 lots are occupied: 8 with park-owned mobile homes, 22 with renter-owned mobile homes.  The recreation building occupies two lots.
• Approximately 1,800 sq ft recreation building is included. This building could be converted into a home, a store, or a community building.
• Utility hookups available to each lot.
• Two additional parcels of land totalling 2+ acres.  These can be sold separately, if desired.
• Potential 100,000+ /yr gross income.
• Current rents: $100/mo per lot, $300/mo average per mobile home.
• Sellers willing to carry financing.

This property is profitable in its current state, and has a lot of potential for a person who would like to expand its capabilities.
The property is just off a major interstate highway that goes to Glacier National Park in Montana, which means it could easily be converted into an RV park. Or more renters could be added from the surrounding communities, such as Great Falls.

This is the recreation building in the mobile home park.  It contains men's and women's restrooms and a small kitchen facility.

This property has potential in many ways:

1. Many people are retiring to this area to escape the big cities. This would be an excellent park for retired people as there are many community facilities available such as golf, tennis, and swimming.
2. Northern Montana is famous for its outdoor sports. This park could be used to house sports-lovers.
3. This property could be converted into an RV park for tourists traveling to Glacier National Park.
4. There is an air force base in Great Falls, and many of the Armed Forces families will find rents lower than in Great Falls.

Advantages:

• Immediate take-over.  This is an ongoing business, complete with on-site property manager.
• Low operating expenses.
• On the way to Glacier National Park.
• Visible from the freeway. Easy-on, easy-off
• Mobile home lots can be sold individually.
• Air force base nearby: possible to put in military people.
• Could be converted into an RV Park.
• Low property taxes: $105 per lot.
• Rents could be raised.
• Near hunting, fishing,  mountain biking, hiking.
• Near Conrad community golf course, swimming pool, tennis courts, baseball.

Advantages of the Conrad Area:

• Property values have increased 27% from 1990 to 2000.
• 54% of the population is between 18 - 54: This population has increased from 1990-2000.
• Per capita income is increasing 2% per year.
• Unemployment has decreased 8% since 2000, and is lower than the United States' rate.

More Photos Here

Asking Price: $400,000

Interested?  Financial statements available upon request.
Please call us or email us:

Phone: 626-422-8062

Email: Stelle_montana@yahoo.com

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