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2713 & 2717 4th Avenue S

Billings, MT 59101
  • $740,000
  • STATUS: Active
  • ON SITE: 45 days
  • MLS #: 319745
Price Reduced
UPDATED: 51 min ago
$740,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1905
County:

School Information

Elementary School:
Middle School:
High School:

Description

13-unit (a 6-plex & a 7-plex) multi-family investment opportunity. Outstanding cash flow with a strong record of performance. Strong occupancy rates; property provides subsidized housing through Montana Mod Rehab Program. Rents per new 2021-22 Mod Rehab contract are $92,328. List price reflects a 7.4% CAP rate using actual expenses & vacancy from 2020-21. Listing Agent has majority ownership in the property and is a licensed Realtor in MT.

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© 2021 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 7/24/2021.
www.mkrealty.org/homes/118025884
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2713 & 2717 4th Avenue S Billings, MT 59101

  • Price: $740,000
  • Status: Active
  • Updated: 51 min ago
  • MLS #: 319745
0
Beds
0
Baths
0
½ Baths
0.35
Acres
1905
Built
Neighborhood:
Billings Original Townsite
County:
Yellowstone
Area:
(04) South Billings
Elementary School:
Orchard
Middle School:
Riverside
High School:
Senior High
Property Description
13-unit (a 6-plex & a 7-plex) multi-family investment opportunity. Outstanding cash flow with a strong record of performance. Strong occupancy rates; property provides subsidized housing through Montana Mod Rehab Program. Rents per new 2021-22 Mod Rehab contract are $92,328. List price reflects a 7.4% CAP rate using actual expenses & vacancy from 2020-21. Listing Agent has majority ownership in the property and is a licensed Realtor in MT.
Exterior Features

Built Info Established Color Tan Construction Siding Wood Lot Description CornerLevel Roof AsphaltShingle Style Multi-Story

Interior Features

Heating Electric Number Of Fireplaces 0 Number Of Levels 2

Property Features

Annual SID 0 Cooling NoneWindow Disclosure On File Finance Type CashNew Loan Gross Income 86604 Insurance 6100 Net Income 57673 Operating Expenses 28911 Possession At Closing Property Sub Type Other Sewer Public Total Taxes 4585 Water Public Zone Mixed Residential 3

Listing information © 2021 Billings Association of Realtors MLS
Listing courtesy of Jase Norsworthy of Re/Max Of Billings
© 2021 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 7/24/2021.
 
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MK Realty
2409 Arnold Ln, Suite 2
Billings MT, 59102