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Listing 5 out of 1,032
$139,000 For Sale

507, 509, 509.5 S 34th Street
Billings, MT 59101

Multi Family Home
7000 sq ft - MLS# 288523
Property Photo
1/7

Description

Great Investment Opportunity!! Strong cash flow and Cap Rate... 2- 1bdr. units and 1 Studio unit on 2 separate lots. Affordable rental units always in demand. Units 1 & 2 currently rented. Unit 3 recently remodeled and rented at $475.00. Unit 1, has been rented to current tenants for 5+years $525.00 mo. Property owner is a licensed Real Estate Broker in the state of MT. average 10% cap rate.

Features

  • Property Type: Multi Family Home
  • Sub Type: 2 Houses
  • Listing Status: Active
  • County/Area: Yellowstone County
  • Zip Code: 59101
  • Year Built: 1940
  • Subdivision/Neighborhood: Billings Original Townsite
  • Elementary School: Orchard
  • Middle School: Riverside
  • High School: Senior High
  • Style: Cottage
  • Stories: 1
  • # of Parking Spaces: 2
  • Lot Size: 7000 sq ft
  • Area: (04) South Billings
  • Area Num: 4
  • Avg Occupancy: 95
  • Built Info: Existing
  • Color: Gray
  • Construction Siding: Frame
  • Cooling: Window
  • Current Price: 139000.00
  • Geocode Source: Google
  • Gross Income: 19200
  • Heating: Electric Baseboard, Gas Wall
  • Insurance: 650
  • Lot Description: Interior, Level
  • Lot Sq Ft: 7000
  • Main Type: Multi-Family
  • Misc Features: Fenced, W/D Hookups
  • Net Income: 15800
  • Number Units 1 Bedrm: 2
  • Number Units Efficiency: 1
  • Operating Expenses: 2750
  • Rent 1 Bedroom: 600
  • Rent Efficiency: 475
  • Roof: Asphalt
  • Sewer: Public
  • Tot Taxes: 1860
  • Water: Public
Courtesy of Metro, Realtors L.l.p


T&E Realty

2475 Village Lane, Suite 103
Billings, MT 59102
Fax: 406-245-4030
Phone: 406-245-4220

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