For Sale
$5,180,000

15267 Mullan RdMissoula, MT 59808

High-Yield Storage & Mobile Home Park

Overview

Added:
Feb 13
Days on market:
51
This exceptional Missoula, Montana investment property offers a compelling blend of established income streams and significant growth potential. Priced at $5,180,000, this Class A asset boasts a 6.85% cap rate based on 2024 projected income and expenses. The property encompasses a 244-unit, 49,000 square foot self-storage facility currently operating at over 90% occupancy, providing stable and secure rental income. In addition, a fully occupied 22-pad mobile home park contributes to the consistent cash flow. A charming three-bedroom, two-bathroom farmhouse offers further income potential, serving as workforce housing or on-site management accommodation. The property also includes a 40x60 insulated and heated shop, a 30x30 pole barn, and on-site broadband access via an ISP relay. Situated on 10.03 acres in the Frenchtown area, with convenient access to I-90, this property presents a rare opportunity to acquire a diversified, high-performing investment with immediate cash flow and substantial long-term growth prospects. Built in 2018, the property's strategic location within Missoula Valley's growth trajectory ensures continued strong demand. The possibility of acquiring intellectual property and continued turnkey management may be negotiated separately.

Highlights

  • $5,180,000 asking price for a stabilized Class A investment.
  • 49,000 square feet of net rentable space in a mixed-use property.
  • 6.85% cap rate based on 2024 actual income/expense.
  • 244 self-storage units with over 90% occupancy.
  • 22-lot mobile home park at 100% occupancy.
  • Includes a three-bedroom, two-bathroom single-family residence.

Property Details for 15267 Mullan Rd

Property type
Mobile home & RV parks, Self storage facilities
Class
A
Year Built
2018
Lot Size (sq. ft)
436,907 SF
Units
244

Location Insight

City
Missoula
County
Missoula
State
Montana
Latitude
47.0009951
Longitude
-114.2099093
15267 Mullan Rd, Missoula, Montana

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15267 Mullan Rd
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