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Key Details
Sold Price $1,252,000
Property Type Commercial
Sub Type Building/ Business
Listing Status Sold
Purchase Type For Sale
Square Footage 1,936 sqft
Price per Sqft $646
MLS Listing ID 391698
Sold Date 11/15/24
Year Built 2022
Annual Tax Amount $3,661
Tax Year 2023
Lot Size 20.000 Acres
Acres 20.0
Property Description
Paradise Valley Cabins, currently used as a short term rentals. Live onsite and let the tourists come to you (Established history, 2ns year is business). 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. Rental Income from the cabins grossed $55K in 2023 (First year in business) and $95K for 2024.
Location
State MT
County Park
Area Park County
Zoning Paradise Valley Zoning
Direction South of Livingston on HWY 89. Mill Creek turnoff to E River Road. South on E River Road, located in Pray, Montana.
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Propane, Septic Available, Water Available
Water Access Desc Well
Building
Sewer Septic Tank
Water Well
Others
Tax ID 0006913200
Ownership Full
Acceptable Financing Cash, 3rd Party Financing
Listing Terms Cash, 3rd Party Financing
Financing Cash
Special Listing Condition Standard
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Kelly Rigg
Advisor | License ID: RRE-RBS-LIC-79995
Advisor License ID: RRE-RBS-LIC-79995