3507-3513 Montana Ave

    Billings, MT 59101
    • $465,000
    • STATUS: Active
    • ON SITE: 37 days
    • MLS #: 298470
    Price Reduced
    UPDATED: 56 min ago
    $465,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    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 9% Cap Rate so they can enjoy an excellent stream of cashflow.

    Monthly Payment Calculator

    © 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 8/18/2019.
    www.ashleydelpteam.com/homes/96785542

    3507-3513 Montana Ave Billings, MT 59101

    • Price: $465,000
    • Status: Active
    • Updated: 56 min ago
    • MLS #: 298470
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    1900
    Built
    Neighborhood:
    Billings Original Townsite
    County:
    Yellowstone
    Area:
    (06) Downtown
    Elementary School:
    Mckinley
    Middle School:
    Lewis And Clark
    High School:
    Senior High
    Property 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 9% Cap Rate so they can enjoy an excellent stream of cashflow.
    Exterior Features

    Built Info Established Color Gray Construction Siding Vinyl Lot Description LandscapedLevelTrees Misc Features Additional ParkingDeck Or PatioLaundry Roof Asphalt

    Interior Features

    Heating Gas Forced Air Number Of Fireplaces 0

    Property Features

    Annual SID 0 Cooling Window Disclosure On File Finance Type 1031 ExchangeCashNew Loan Gross Income 62716 Insurance 3143 Net Income 41894 Operating Expenses 20822 Possession At Completion Property Sub Type 6-Plex Sewer Public Total Taxes 3021 Units1 Bedroom 3 Units2 Bedroom 3 Water Public Zone Residential Multi-Family

    Listing information © 2019 Billings Association of Realtors MLS
    Listing courtesy of Clint Schultz of Coldwell Banker The Brokers
    © 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 8/18/2019.
     
    The Ashley Delp Team
    2526 Grand Ave, Suite 3
    Billings MT, 59102