Description
Mixed use Commercial & Residential 30-Plex. Professionally managed, Tenant Leases in hand. Good central location in Billings - quick access to Downtown, Heights, Lockwood, Interstate. Well built Recession Proof property serves the much needed Affordable Housing demand in Billings. Boarding House suitable for housing the turnaround workers at the Oil Refineries. Offices and Commercial areas suitable for a wide range of businesses. Potential for additional income(s)/improvements: Solar array on roof, Vending machines, Coin-op Washers/Dryers, exterior advertising, Helium crypto mining, cellular antenna lease, etc. Eligible for EBURD grant funding in TIF district. Rents are still rising up to its potential. Basic rooms start at $450/month, more is possible. 4 more rooms could be separated out on the 2nd floor to make it a 34-Plex. Roof resurfaced 2022
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0BEDS
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0.91ACRES
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0BATHS
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01/2 BATHS
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20,700SQFT
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$85$/SQFT
School Ratings & Info
Description
Mixed use Commercial & Residential 30-Plex. Professionally managed, Tenant Leases in hand. Good central location in Billings - quick access to Downtown, Heights, Lockwood, Interstate. Well built Recession Proof property serves the much needed Affordable Housing demand in Billings. Boarding House suitable for housing the turnaround workers at the Oil Refineries. Offices and Commercial areas suitable for a wide range of businesses. Potential for additional income(s)/improvements: Solar array on roof, Vending machines, Coin-op Washers/Dryers, exterior advertising, Helium crypto mining, cellular antenna lease, etc. Eligible for EBURD grant funding in TIF district. Rents are still rising up to its potential. Basic rooms start at $450/month, more is possible. 4 more rooms could be separated out on the 2nd floor to make it a 34-Plex. Roof resurfaced 2022