Michael Rutkowski
This listing was posted on RealtyWW.
$2,600,000
E River Rd, Pray, Home For Sale
Price:
$2,600,000
BR/BA:
2 BR, 1 BA
Location:
1392 E River Rd, Pray, MT
Description:
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.For more details: https://realtyww.info/homes_pray-d566476/for-sale_i76291738
Visit Our Partner Website
This listing was posted on another website. Click here to open: Go to RealtyWW
Important Safety Tips
These might be signs of fraud:
- Really cheap prices
- Irregular email adresses
- Contact info in pictures
To learn more, visit the Safety Center or click here to report this listing.
More About this Listing: E River Rd, Pray, Home For Sale
E River Rd, Pray, Home For Sale is a Two Bedroom One Bath Single-Family Homes for Sale at 1392 E River Rd in Pray MT. Find other listings like E River Rd, Pray, Home For Sale and listings near 1392 E River Rd by searching Oodle Classifieds for Two Bedroom One Bath Single-Family Homes for Sale in Pray MT.
E River Rd, Pray, Home For Sale is a Two Bedroom One Bath Single-Family Homes for Sale at 1392 E River Rd in Pray MT. Find other listings like E River Rd, Pray, Home For Sale and listings near 1392 E River Rd by searching Oodle Classifieds for Two Bedroom One Bath Single-Family Homes for Sale in Pray MT.