204 Colorado Boulevard

    Glendive, MT 59330
    • $5,600,000
    • STATUS: Active
    • ON SITE: 166 days
    • MLS #: 298326
    $5,600,000
    • 0
      BEDS
    • 1.96
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 51,000
      SQFT
    • $110
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2014
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    44 total units with 8 three-bedroom and 36 two-bedroom units.The 3-bedroom floorplans are approximately 1,200 SF each and the 2-bedroom floorplans total approximately 1,100 SF each.Each unit has separate gas and electric utility meters that the tenants pay directly. Each unit also has its own washer & dryer.All units are equipped with two full bathrooms and the bedrooms have walk-in closets. Utility costs are substantially less than competing properties due to new and better-quality construction and insulation.There are 14 single car garages available for rent, plus 43 outside parking spaces with electrical plugins for automobile block heaters during the winter months. Overflow parking is available across the street at the Glendive Fairgrounds.Glendive is heading into a strong rental market with many exciting economic developments underway. The pro forma cap rate is 5.95%.

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    © 2019 Billings Association of REALTORS® and Billings Multiple Listing Service. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for check the accuracy, completeness, currency, and status of all information. Data last updated 12/16/2019.
    www.ashleydelpteam.com/homes/96508896

    204 Colorado Boulevard Glendive, MT 59330

    • Price: $5,600,000
    • Status: Active
    • MLS #: 298326
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.96
    Acres
    51,000
    SQFT
    $110
    $/SQFT
    2014
    Built
    Neighborhood:
    Sunrise
    County:
    Dawson
    Area:
    (25) Glendive
    Elementary School:
    Other
    Middle School:
    Other
    High School:
    Other
    Property Description
    44 total units with 8 three-bedroom and 36 two-bedroom units.The 3-bedroom floorplans are approximately 1,200 SF each and the 2-bedroom floorplans total approximately 1,100 SF each.Each unit has separate gas and electric utility meters that the tenants pay directly. Each unit also has its own washer & dryer.All units are equipped with two full bathrooms and the bedrooms have walk-in closets. Utility costs are substantially less than competing properties due to new and better-quality construction and insulation.There are 14 single car garages available for rent, plus 43 outside parking spaces with electrical plugins for automobile block heaters during the winter months. Overflow parking is available across the street at the Glendive Fairgrounds.Glendive is heading into a strong rental market with many exciting economic developments underway. The pro forma cap rate is 5.95%.
    Exterior Features

    Built Info Established Color Tan Construction Siding Masonry Lot Description LandscapedLevel Misc Features Additional ParkingLaundryRv ParkingW/D Hookups Number Of Parking Spaces 57 Roof Asphalt Style 2 Story

    Interior Features

    Heating Gas Forced Air Number Of Fireplaces 0 Number Of Levels 3 Sq Ft Main Lvl 51000

    Property Features

    Annual Rent Mult 0.0000 Annual SID 0 Cooling Central Disclosure On File Finance Type New Loan Gross Income 448800 Insurance 0 Net Income 333885 Operating Expenses 114915 Possession At Closing Property Sub Type Apts Rent Efficiency 0 Rent1 Bedroom 0 Rent2 Bedrooms 0 Rent3 Bedrooms 0 Sewer City Storage ClosetSeparate Total Taxes 31869 Units Efficiency 0 Units1 Bedroom 0 Units2 Bedroom 36 Units3 Bedroom 8 Water Public Zone Residential Multi-Family

    Listing information © 2019 Billings Association of Realtors MLS
    Listing courtesy of Kristi Woodward of United Country Real Estate
    © 2019 Billings Association of REALTORS® and Billings Multiple Listing Service. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for check the accuracy, completeness, currency, and status of all information. Data last updated 12/16/2019.
     
    The Ashley Delp Team
    2526 Grand Ave, Suite 3
    Billings MT, 59102