1392 E River Pray, MT 59065
6,396 SqFt
UPDATED:
09/30/2024 03:32 PM
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 6,396 sqft
Price per Sqft $406
MLS Listing ID 396779
Year Built 1900
Annual Tax Amount $6,602
Tax Year 2023
Lot Size 5.000 Acres
Acres 5.0
Property Description
This is a cash-flowing property that has plenty of room to grow, and a diversified income. This property boasts over $300k+ in rental income for 2023, higher projected income for 2024, and with $100k in booked reservations for 2025. The property is composed of 3 brand new Amish built log cabins with 2 beds, 1 bath on crawlspace foundations and outfitted for turnkey STR operations. There is a newish (2008) duplex, updated recently (2019) features 1 outfitted and turnkey STR, and 1 LTR, on slab. Between the cabins and duplex is a US Post Office which draws traffic to the location, and whose lease renews every 5 years. Then, there is the General Store, a historic 1900's icon of Paradise Valley, which has a new lease as of the 3rd quarter of 2024. Tenant will be a bookshop/antique business. And finally, out back, there are an additional 3 acres of unzoned land with septic design approvals for an additional 8 cabins. Or you can redevelop that however you wish! The land out back is really a blank canvas waiting for the next ambitious owner to take the reins, and grow this property's income.
PnL, projections, septic designs, and more, available for you and your CPA with a signed NDA and proof of funds. No owner financing. Listing agent has lease a month to month lease on General Store.
Location
State MT
County Park
Area Park County
Direction North of Chico, south of Mill Creek intersection on E River Rd. Can't miss it!
Interior
Heating Baseboard, Electric
Fireplace No
Exterior
Garage Assigned, Common, Gravel, Paved
Utilities Available Cable Available, Electricity Available, Electricity Connected, Propane, Phone Available, Water Available
Water Access Desc Well
Building
Water Well
Others
Tax ID 0006926000
Ownership Full
Acceptable Financing Cash, 3rd Party Financing
Listing Terms Cash, 3rd Party Financing
Special Listing Condition None