Map
Listed price in listed location currency (USD).
$1,400,000

000

MLS® 30074396

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $12,954
Days Active 10
Lot Size 0.909 Acres
Approx. Age 1965
MLS® Number 30074396

Property Address: 900 Higgins Ave, Deer Lodge, MT, 59722-1249

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional value-add investment opportunity in Deer Lodge, Montana. This 25-lot mobile home park offers immediate cash flow with substantial upside through lease-up, operational improvements, and future pad development. The property currently consists of a mix of park-owned and tenant-owned homes, with additional income potential from leasing seven currently unused mobile home lots, currently not usable due to a collapsed sewer line that could be repaired. City utilities, established infrastructure, and a diverse tenant base make this an attractive investment for both experienced operators and first-time park owners. Offered at a projected 12% cap rate—a rarity in today's investment market—this property delivers strong in-place returns while still providing multiple opportunities to increase NOI and long-term value. As demand for affordable housing continues to grow across Montana, this is a rare opportunity to acquire a stabilized asset with significant upside potential. Current unit mix includes 12 park-owned rental homes, 4 tenant-owned homes, 1 park owned home and 7 additional undeveloped mobile home lots, for a total of 25 approved lots. Current rent roll and financial information are available in the associated documents. The 7 additional lots have been out of service for approximately 9 years due to a failed sewer line. The location of the failed section has been identified, and buyers are encouraged to complete their own investigation regarding repair costs and feasibility. These lots represent a significant value-add opportunity through future redevelopment and lease-up. The northern portion of the property offers potential for future multifamily development, subject to buyer verification of zoning, utility capacity, and local approvals. Most park-owned homes are older and have been detitled, while tenant-owned homes are identified on the rent roll. One park-owned home is currently vacant and presents an immediate lease-up opportunity. Information is believed to be reliable but is not guaranteed. Buyers and buyers' agents are responsible for independently verifying all information, including lot count, infrastructure, zoning, income, expenses, and future development potential.
MLS® Number30074396
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1965
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

Other

Jul 7, 2026List Date
$1,400,000List Price
  • Commute

Commute

Starting Address
Destination Address
900 Higgins Ave, Deer Lodge, MT

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