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 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.
Back On the Market!! Amazing Property with breathtaking views, access to riding trails and the famous Yellowstone River. Paradise Valley Horse Property with a Completely Remodeled Main House and New Guest House. Generate Income, live in one and vacation rental the other. Or, build your dream home while renting out the other 2. Two homes each 2 bed 2 bath 1000 & 1200 sq feet. The main house has been converted from a 3 bedroom to a 2 bedroom to allow for a more spacious kitchen and living room. The septic is permitted for a 3 bedroom so an add on third bedroom is a great option for those needing more room. Amazing views in every direction. Private, end of the road property on just under 5 Acres. Property is fully fenced with 3 separately fenced pastures. Underground Sprinklers on the Lawn and Garden. Main House is 2 bed/2 bath, amazing new kitchen, new flooring, new tiled bathrooms, several new doors and windows. Guest house is a high quality build on separate septic and electric with 2 Beds/2 Bath with laundry. New concrete entry pads on the garage and barn. Detached 2 Car garage with finished drywall . Barn is 2150 sq ft with 12x 50 pole barn attached, and a heated finished tack room. Fenced Garden, with 12 Raised Beds, Chicken Coop. Property is just up the hill from the Chicory Yellowstone River Access. Enjoy riding on the Yellowstone Trail System for miles. Call for a showing today
Quality Multi-Family, Multi-Generational, or shared ownership property in Paradise Valley, with on 20 acres with development potential of property. Deed and covenants allow additional residence and two guest homes. There is a fishing/boating easement to access the Yellowstone River. Light Covenants exist, currently no HOA. Bring your animals! There is a fenced coral area with storage/horse sheds. The 4144 sq. ft. Main Home has 2 kitchens, 6 bedrooms, 2 living rooms, a family room, 2 laundry rooms, with 4 bathrooms for Multi-Generational living, Vacation Rental, Staff Housing or a 1031 Investment Property. There are 3 covered log themed porches. The enclosed large fenced area around the home has an above ground pool with large attached deck for outdoor activities and there are many children amusements as well. Enjoy the metal frame/metal truss, metal sided substructure with additional wood sided exterior, adding to the insulation factor of the double insulated exterior walls. Windows are Thermopane with vinyl clad framework. The metal roof is designed to withstand strong winds. An 80 Gallon indirect water heater is attached to an oversized boiler with 4 heating zones. The home is designed for heating efficiency. A 520sqft completely independent caretakers/guest quarters built in 2022 is attached to the three car garage and has an enclosed insulated hot tub room, and a large utility storage room. Enjoy using your own mini bulldozer (included in sale) for winter plowing for the long private driveway that comes with the multi-view property. Yellowstone National Park is 30 miles south, while Livingston is 30 miles north. Schedule a showing today!
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.
