3507-3513 Montana Ave, Billings, MT 59101

$399,000
List Price
$399,000
Price Change
▼ $20,000 1569628106
Status
CONTINGENCY
MLS#
298470
Lot Size (Acres)
0.298
Property Subtype
6-Plex
Year Built
1900

Property Description

Juicy Price Reduction!! 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 over a 10.5% Cap Rate so they can enjoy an excellent stream of cashflow.

Additional Information

Area
(06) Downtown
Subdivision
Billings Original Townsite
Taxes
$3,021
Misc Features
Additional Parking, Deck or Patio, Laundry
Lot Description
Landscaped, Level, Trees
Heating
Gas Forced Air
Cooling
Window
Roof
Asphalt
Water
Public
Sewer
Public
Elementary School
Mckinley
Middle School
Lewis And Clark
High School
Senior High

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Clint Schultz from Coldwell Banker The Brokers