Take a look at this historic, investment dream-property in the heart of Paradise Valley, just north of Yellowstone's only year-round entrance. Located just a few minutes from famous Chico Hot Springs and Emigrant, and a short drive to Yellowstone, while also a comfortable distance from Livingston/Bozeman. This property has it all: Breathtaking Montana views nestled near the foot of the Absaroka-Beartooth Wilderness with a dozen or more mountain peaks over 10,000 in sight. This property also has a diverse rental income history, with room to explode rental income by taking advantage of new septic approvals for 8 cabins+ in the 3 acre unzoned field out back, 4 beautiful and modern STR units making excellent income, 1 RV spot, 1 LTR unit, management in place, and a historic and well-known General Store with a solid commercial tenant on month to month lease. This is a property steeped in history of Montana's Wild West and Park County, and was a focal point for the local community in the early 1900's. You can learn more about the town and previous owners by searching "Last Best Stories Owning Pray". 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.
Paradise Valley Oasis, Cabins, Events with Onsite Living/Management opportunity. Nestled in the heart of Paradise Valley, Montana, this unique property offers a blend of income potential and comfortable living space. Ideal for an owner-operator or on-site manager, it features Six charming cabins, perfect for nightly rentals (currently listed on Airbnb with no minimum stay requirement) and offering overflow accommodation for weddings, concerts, or Yellowstone National Park visitors and local visitors to the area. Cabins could also book groups of anglers, hunters, and various other gatherings that could book all cabins and area at once. Each cabin features a queen bed, twin bunk beds, a bathroom, and a kitchenette. This is a prime location, convenient to Yellowstone National Park, Yellowstone River, Chico Hot Springs, Sage Lodge, Pine Creek Lodge. Live comfortably in a spacious 700 sq. ft. Owner/Manager Suite with a kitchen, living room, bedroom, bathroom/laundry, and covered porch. Paradise Valley Oasis, Cabins, Events with potential Onsite Management opportunity. Nestled in the heart of Paradise Valley, Montana, this unique property offers a blend of income potential and comfortable living space. Ideal for an owner-operator or on-site manager, it features Six charming cabins, perfect for nightly rentals (currently listed on Airbnb with no minimum stay requirement) and offering overflow accommodation for weddings, concerts, or Yellowstone National Park visitors and local visitors to the area. Cabins could also book groups of anglers, hunters, and various other gatherings that could book all cabins and area at once. Each cabin features a queen bed, twin bunk beds, a bathroom, and a kitchenette. This is a prime location, convenient to Yellowstone National Park, Yellowstone River, Chico Hot Springs, Sage Lodge, Pine Creek Lodge Music Venue, Old Saloon Music Venue and entertainment, and Emigrant, MT. Relaxing atmosphere, enjoy breathtaking mountain views while sipping coffee on your private cabin porch or from the covered front porch located on the owner's suite. Live comfortably in a spacious 700 sq. ft. Owner/Manager Suite with a kitchen, living room, bedroom, bathroom/laundry, and covered porch. The suite boasts stunning Absoroka mountain views and an attached garage/shop with high ceilings, double overhead doors, and additional mezzanine storage. The shop has 14' interior ceiling height and 12' OH doors. This versatile property offers the perfect combination of income potential and comfortable living for an owner-operator or on-site manager. A unique property with no zoning, no covenants and designated for residential and/or commercial use. This property isn't limited to its current use offering abundant potential to create a development that thrives. Explore a diverse mix of uses, catering to a wider range of needs. Consider multi-unit dwellings like duplexes, fourplexes, or townhouses. Or potential storage options – a dedicated facility for personal or RV and boat storage could be a lucrative addition, capitalizing on the area's potential for outdoor recreation.
Pray is located in Montana. Pray, Montana has a population of 889. Pray is less family-centric than the surrounding county with 10% of the households containing married families with children. The county average for households married with children is 22.23%.
The median household income in Pray, Montana is $82,928. The median household income for the surrounding county is $58,510 compared to the national median of $69,021. The median age of people living in Pray is 54.8 years.
The average high temperature in July is 84 degrees, with an average low temperature in January of 15.4 degrees. The average rainfall is approximately 15.8 inches per year, with 56.6 inches of snow per year.
