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Listing 4 out of 971
$523,675 For Sale

3507-3513 Montana Ave
Billings, MT 59101

Multi Family Home
12981 sq ft lot - MLS# 298470
Property Photo
1/18

Description

Opportunity to pick up this 6 Plex is now here! Three Homes, 6 Units and 100% Occupancy since it's been remodeled. Too many new's to list. 3507, 3511 and 3513 Montana Ave is a newly renovated 6 plex close to downtown. Downtown Billings recently conducted a survey indicating that there is a demand for 500-1,000 more apartment units downtown. With such strong rental demand, these 6 units always stay full. Tenant's enjoy off street parking, large mature trees providing excellent shade in the summer and are walking distance from restaurants, breweries and downtown businesses. Investors have a rare opportunity to acquire a sharp looking property performing at an 8% Cap Rate so they can enjoy an excellent stream of cashflow.

Features

  • Property Type: Multi Family Home
  • Sub Type: 6-Plex
  • Listing Status: Active
  • County/Area: Yellowstone County
  • Zip Code: 59101
  • Year Built: 1900
  • Subdivision/Neighborhood: Billings Original Townsite
  • Elementary School: McKinley
  • Middle School: Lewis And Clark
  • High School: Senior High
  • Lot Size: 12981 sq ft lot
  • Zoning: Residential Multi-Family
  • Area: (06) Downtown
  • Area Num: 6
  • Avg Occupancy: 100
  • Built Info: Established
  • CAP Rate Pct: 8.0000
  • Color: Gray
  • Construction Siding: Vinyl
  • Cooling: Window
  • Current Price: 523675.00
  • Geocode Source: Pxpoint
  • Gross Income: 62716
  • Heating: Gas Forced Air
  • Insurance: 3143
  • Lot Description: Landscaped, Level, Trees
  • Lot Sq Ft: 12981
  • Main Type: Multi-Family
  • Misc Features: Additional Parking, Deck Or Patio, Laundry
  • Number Units 1 Bedrm: 3
  • Number Units 2 Bedrs: 3
  • Operating Expenses: 20822
  • Roof: Asphalt
  • Sewer: Public
  • Tot Taxes: 3021
  • Water: Public
Courtesy of Coldwell Banker The Brokers, Clint Schultz


T&E Realty

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

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