711&1403 E Main Street

    Laurel, MT 59044
    • $1,095,000
    • STATUS: Active
    • ON SITE: 224 days
    • MLS #: 281612
    UPDATED: 73 min ago
    $1,095,000
    • 0
      BEDS
    • 0.77
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,723
      SQFT
    • $102
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1947
    County:

    School Ratings & Info

    Description

    Huge opportunity to add a 27 plex to your portfolio. 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

    Monthly Payment Calculator

    © 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. Terms & Conditions Data last updated 9/25/2018.
    www.ashleydelpteam.com/homes/80716629

    711&1403 E Main Street Laurel, MT 59044

    • Price: $1,095,000
    • Status: Active
    • Updated: 73 min ago
    • MLS #: 281612
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.77
    Acres
    10,723
    SQFT
    $102
    $/SQFT
    1947
    Built
    Neighborhood:
    Allard And Nutting Subd
    County:
    Yellowstone
    Area:
    (09) Laurel/Park City
    Property Description
    Huge opportunity to add a 27 plex to your portfolio. 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

    Alley YN 1 Building Type Low RiseMixed Built Info Established Construction Siding Frame Land Sq Ft 33378 Loading Alley Number Of Parking Spaces 27 Parking Desc AssignedBlacktop Road Frontage 300 Road Surface Asphalt Roof Shingle Sidewall Height 8

    Interior Features

    Ceiling Height 8 Heating Gas Forced AirGas Hot Water Number Of Levels 1 Office Sq Ft 0 Retail Sq Ft 0 Shop Or Warehouse Sq Ft 0

    Property Features

    Annual SID 0 Annual Utility Costs 7200 Cooling CentralWindow Disclosure On File Elec Meters 6 Finance Type 1031 ExchangeCashConventionalNew Loan Franchise YN No Gas Meters 6 Gross Annual Income 202200 Lease Type Other Leased YN Yes Misc Equipment RefrigeratorRestroomsSee RemarksSign Remains Net Income 126100 Number Water Meters 7 Operating Expenses 66000 Possession At Closing Present Use Apartments Property Sub Type Business Opportunities Rail YN No Restrictions Deed Sales Includes BuildingBusinessEquipmentInventoryLandSign Sewer City Total Taxes 10292 Type Of Business Apartments Water Public Year Establish 1947 Zone Community Commercial

    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. Terms & Conditions Data last updated 9/25/2018.
     
    The Ashley Delp Team
    2526 Grand Ave, Suite 3
    Billings MT, 59102