36353 3 St Pablo, MT 59855
- Mixed-use properties
- 0.32 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 36353 3 St
- Lot size
- 0.32 lot acres
- Property type
- Mixed-use properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pablo
- County
- Lake
- State
- Montana
- Longitude
- -114.122
- Latitude
- 47.5983
