855.375.4001
Listing Courtesy of: Michael Rutkowski - eXp Realty, LLC 406-578-4399
$2,600,000 affordable loan icon Calculate Payment

1392 E River Pray, MT 59065

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Multi-Family Residence
Beds
Baths
... Bed/Bath
Sq. Ft.

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Last updated on 12/4/2024 7:23 PM
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/Bo...zeman. 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 its 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. Continue reading
MLS#
396781
Property Type
Multi-Family
Year Built
2019
Lot Size
5

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Listing Courtesy of: Michael Rutkowski - eXp Realty, LLC 406-578-4399
Andrea D. Conner, License  RRE-BRO-LIC-62943, Xome Inc., License RRE-BRO-LIC-62943, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


Information provided by Big Sky Country Multiple Listing Service, Inc. (BSC MLS) is compiled from miscellaneous sources. Neither BSC MLS, listing brokers, agents or subagents are responsible for its accuracy. Prior to submitting an offer to purchase property, all information about the property should be independently verified by the purchaser. Copyright 2024, Big Sky Country Multiple Listing Service, Inc., all right reserved.
This content last refreshed on 12/4/2024 7:23 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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