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An, approximate, 5,600 sf 8-plex on city water and sewer. Short walking distance to all the stores. Lots of parking. All 1 bdrm and 1 bath and all apartments are the same at approximately 600 sf each. Two common areas have washer/dryers. Split entry. Four up and four down. Great bunch of tenants. Now grossing $86,400 yearly in rents ($900 month) as it is full. New roof 10 years ago and new windows maybe 15 years ago or so. Tenants pay their own electricity but we do heat the halls and their hot water (2 new central hot water heaters a few months ago). A/C units in each apt. Electric BB heat. On a very generous '25 budget, still should return 6% R.O.I. Plus appreciation and depreciation. Manager/partial owner wants to retire. Lots of possibilities here to increase income too. Ask me about that. Would take cash or terms. If terms, minimum of 30% dn. Probably 5-7 years and then a full balloon. All tenants have RD vouchers, besides the rent they pay and money directly deposited.
Property Type(s):
Multi Family
| Year Built | 1976 | County | Sanders |
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Additional Details
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Range, Refrigerator |
| BASEMENT | Other, Yes |
| CONSTRUCTION | Wood Siding |
| HEAT | Baseboard, Electric |
| INTERIOR | Walk-In Closet(s) |
| LOT | 0.344 acre(s) |
| LOT DESCRIPTION | Level |
| PARKING | Additional Parking |
| SEWER | Public Sewer |
| STORIES | Two, Multi/Split |
| STYLE | Split Level |
| TAXES | 6000 |
| UTILITIES | Electricity Available, Phone Available |
| WATER | Public |
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Listing provided by: David Bennett, Bennett Homes, Realty & Invest | 400 Garber Street 223 Main St. West
IDX information provided courtesy of the Montana Regional MLS, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
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