9026 Kautzman Rd, Billings, MT
Multi-family for Sale - $2,850,000 - 21,546 Sq. Ft. on 20 acres
Agent Info
| Nathan Matelich Coldwell Banker Commercial CBS |
Property Info
| CIMLS# | 1153126 |
| Location 9026 Kautzman Rd Billings MT 59101 | |
| Updated | April 5th, 2024 |
| Type | Multi-family |
| Price | $2,850,000 |
| Building | 21,546 Sq. Ft. |
| Land | 20 acres |
Property Description
Mobile Home Park + Mini Storage Property for Sale 9026 Kautzman Rd, Billings, MT For Sale $2,850,000 20 Acres of Land Well & Septic 30 Space Mobile Home Park – Lot Rent @ $350/mo + $50/mo for Water 70 Mini Storage Units – 10x10 ($60/mo) and 10x20 ($90/mo) 5,634 SF Shop + Carport + Covered Storage @ $3,245/mo 1.3 Acre Fenced Yard @ $1,500/mo Significant Upside Available to Buyer – Market Lot Rent is $450/mo, Market Shop Rent is $5,000/mo and Mini Storage is Only 30% Occupied Current NOI = $221,796 Current Cap Rate = 7.8% Pro Forma NOI = $320,976 Pro Forma Cap Rate = 11.3%