5820 Montana Ave, Helena, MT 59602-6856

This exceptional investment opportunity presents a 94-site mobile home and RV park in Helena, Montana, boasting a strong 9.0% capitalization rate and projected 2024 NOI of $400,000. The 20.6-acre property includes 51 occupied mobile home spaces (50 tenant-owned homes and 1 long-term tenant lot), generating $430/month in rent (including water, sewer, and garbage). Additionally, there are 40 full-service long-term RV sites at $625/month plus electricity, and 45 electric-only sites at $525/month plus electricity (not included in DEQ licensure). Supplemental income streams are derived from a studio apartment, a 3-bedroom apartment, mailboxes, laundry facilities, vending machines, and storage units. The property benefits from on-site management. Significant upside potential exists with planned rent increases effective January 1st, raising MHP space rent to $475/month and long-term RV spaces to $695/month. Further expansion plans include the development of a storage facility encompassing 258 10x20 storage units and 34 additional long-term RV storage spaces. This turn-key asset offers a stable income stream in a rapidly growing Montana market. The total square footage of the improved property is 5,180 square feet. This is a rare opportunity to acquire a well-managed, high-performing mobile home and RV park with substantial growth potential.