711 E Main Street

    Laurel, MT 59044
    • $515,000
    • STATUS: Active
    • ON SITE: 53 days
    • MLS #: 289899
    UPDATED: 29 min ago
    $515,000
    • 0
      BEDS
    • 0.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,453
      SQFT
    • $94
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Huge opportunity! Recently converted from motels to multifamily. This property is filling a much needed niche in the Laurel affordable housing market. Studios to 3 bed units, rents ranging from $400 per month to 1300.00 per month. Income and expenses are projections from current rents and expenses over the past several months. Lots of remodeling and bigger ticket items have been addressed. Very low vacancy rates so far. Manager in place.

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    © 2018 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 12/10/2018.
    www.ashleydelpteam.com/homes/88634472

    711 E Main Street Laurel, MT 59044

    • Price: $515,000
    • Status: Active
    • Updated: 29 min ago
    • MLS #: 289899
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.45
    Acres
    5,453
    SQFT
    $94
    $/SQFT
    1948
    Built
    Neighborhood:
    Allard
    County:
    Yellowstone
    Area:
    (09) Laurel/Park City
    Elementary School:
    Laurel
    Middle School:
    Laurel
    High School:
    Laurel
    Property Description
    Huge opportunity! Recently converted from motels to multifamily. This property is filling a much needed niche in the Laurel affordable housing market. Studios to 3 bed units, rents ranging from $400 per month to 1300.00 per month. Income and expenses are projections from current rents and expenses over the past several months. Lots of remodeling and bigger ticket items have been addressed. Very low vacancy rates so far. Manager in place.
    Exterior Features

    Built Info Existing Construction Siding FrameMasonite Lot Description LandscapedLevel Number Of Parking Spaces 14 Roof Shingle Style Attached

    Interior Features

    Heating Gas Forced AirGas Hot Water Number Of Fireplaces 0 Number Of Levels 1 Sq Ft Main Lvl 5453

    Property Features

    Annual SID 0 Cooling CentralWindow Disclosure On File Finance Type 1031 ExchangeCashConventionalNew Loan Gross Income 96050 Net Income 63050 Operating Expenses 33000 Possession At Closing Property Sub Type Apts Sewer City Total Taxes 6691 Water Public Zone Central Business District

    Listing information © 2018 Billings Association of Realtors MLS
    Listing courtesy of Carey Chapman of Re/Max Of Billings
    © 2018 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 12/10/2018.
     
    The Ashley Delp Team
    2526 Grand Ave, Suite 3
    Billings MT, 59102