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Tailoranne Young

tailoranne.young@engelvoelkers.com +1(406) 794-7229

Listed by Damian Forrester eXp Realty, LLC - Billings

$ 1,495,000

Est. payment -/mo

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Active Under Contract

1501 PLATEAU RD Billings, MT 59105

1,216 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,216 sqft

Price per Sqft $1,229

Subdivision Lower 40

MLS Listing ID 358041

Style Manufactured Home

Construction Status Resale

HOA Y/N No

Abv Grd Liv Area 1,216

Year Built 1993

Lot Size 40.000 Acres

Acres 40.0

Property Description

Rare opportunity to acquire a turnkey 40-acre income + equestrian property in Billings, MT. This unique investment features 8 park-owned mobile homes on private 1-acre pads, 2 large shops, and 6 independent horse pasture rentals with shelters, tack rooms, heated auto-waterers, electricity, and a shared outdoor arena. Scenic Seven Mile Creek runs through the land, enhancing both lifestyle appeal and long-term value. The property is 100% occupied with professional management in place, and tenants maintain their own gas and electric meters for low owner maintenance. With gross income of approx. $168,000, NOI near $135,000, and a strong 9% cap rate, this asset delivers immediate cash flow plus upside potential to add additional home sites, storage units, or build your own custom residence onsite. This is a rare blend of rural Montana living and solid investment performance.

Location

State MT

County Yellowstone

Area (01) Billings Heights (West Of Main)

Zoning See Remarks

Interior

Heating Forced Air, Gas

Cooling Window Unit(s)

Fireplace No

Exterior

Water Access Desc Cistern,Shared Well,Well

Roof Type Metal,Shingle

Building

Lot Description Level

Entry Level One

Sewer Septic Tank

Water Cistern, Shared Well, Well

Architectural Style Manufactured Home

Level or Stories One

Construction Status Resale

Schools

Elementary Schools Independent

Middle Schools Medicine Crow

High Schools Skyview

Others

Tax ID D07129B

Virtual Tour https://www.propertypanorama.com/instaview/bmt/358041

NEARBY SCHOOLS & PROPERTIES

Tailoranne Young

Advisor | License ID: RRE-RBS-LIC-131606

+1(406) 794-7229

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