1392 E River Rd - Apartments FOR SALE


Pray, MT 59065
$2,600,000 USD
406-414-7725
1392 E River Rd, Pray, MT for Sale
$2,600,000 USD
Apartments - FOR SALE
1/72
null | 4% Cap Rate

1392 E River Rd
Pray, MT 59065


HIGHLIGHTS

  • Historic building near Yellowstone's only year-round entrance, close to Bozeman and I-90, US Post Office lease brings steady foot-traffic
  • Possibility to double income very quickly by investing in approved septic plans
  • Management and construction team in place which knows the area well

OVERVIEW

This property is the town of Pray, MT, located in Montana's legendary Paradise Valley, just a few minutes north of Yellowstone's only year-round entrance. With existing cash flow of $300k gross, this property is ready to explode its potential with the next buyer. Management and construction team is ready to go. US Post Office lease on property brings in steady local foot traffic. Buyer can elect to complete plans approved by County Sanitarian, and land can be ready for 8+ cabins before summer 2025. Truly a turnkey operation. Contractors have aggregate ready to go, and cabins just need a signature to start construction. Existing business brings in $300k+ annually, projections on a complete project are at $650k+ 1st year, and $1M+ after 2 year stabilization period. PnL's, leases, approved septic plans, drawings, and additional info available to qualified buyers, including a comprehensive plan to bring the property to its full potential and highest and best use. Business and construction managers have many years of experience in the State of Montana with active projects in the Valley, and thousands of tons of aggregates and materials located a few miles away, with which to complete this project before next summer season arrives. Big Sky Equity llc is a real estate investment company, and has studied the local Montana economy since 2009, while helping investors find cash-flowing niches in a highly competetive market. Market conditions, affecting this business include tourism and real estate, both of which are steadily growing in this region. Paradise Valley is one of the most sought after trophy property locations in the Western US, as evidenced by a quick glimpse at the local MLS. There are currently a very limited amount of things to do in this Valley, and more of the local economy's share is becoming year-round residents, vs transient tourism based services, so now is the time to get in on a solid Montana business with huge growth potential. This property can be managed year-round by switching up usage to LTR, as demand is extremely high in the Valley for winter housing. Sage Lodge is 7 minutes away. Chico Hot Springs is 5 minutes away. Emigrant is 6 minutes away. Bozeman International Airport is 1 hour. Livingston is 30 minutes away. Yellowstone National Park is 30 minutes away. All around you: 22 million acres of the Greatery Yellowstone Ecosystem, stretching from Bozeman in the North to well past Jackson Hole, WY in the South. Possible expansion towards highest and best use include: 1. Cafe/food truck rental space on County Rd., 2. Build to Suit/Invest in General Store so commercial tenant can expand their business (% lease in place). 3. Include a small venue space on N side of Store for hourly/daily rentals 4. Build to Suit 8+ cabins in the back of the property with existing approved plans. 5. 4-5 RV pads on NE Corner of property. 6. Additional 6th unit of STR above the General Store. 7. Branding and Marketing the Store to draw attention to tourists booking on the internet Possible Owner financing with 50% down Check out PrayMontana.Homes for more info and aerial footage of the property and surrounding Beartooth-Absaroka Wilderness! Call Mike @ 406-414-7725

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$520 USD /SF

# OF UNITS

5

PRICE/UNIT

$520,000

CAP RATE

4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Owner Financing - Pray, MT - $300k - STR/Com.

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2020

PARKING SPACES

8

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

none

APN/PARCEL ID

49-0519-25-1-01-02-0000

ASK ABOUT THIS PROPERTY

Michael RutkowskiBig Sky EquityMore Info
406-414-7725

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Michael RutkowskiBig Sky EquityMore Info
406-414-7725

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.