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1140 1st Ave N

Billings, MT 59101
  • $1,300,000
  • STATUS: Active
  • ON SITE: 120 Days
  • MLS #: 339897
UPDATED: 29 min ago
$1,300,000
  • 0
    BEDS
  • 0.91
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,700
    SQFT
  • $63
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1955
County:

School Ratings & Info

Description

Mixed use Commercial & Residential Boarding House. 33-Units. Professionally managed, Tenant Leases in hand. Good central location in Billings - quick access to Downtown, Heights, Lockwood, Interstate. Class C Recession Proof property can serve the much needed Affordable Housing demand in Billings, but with flexibility to be used as offices or business if preferred. Boarding House is great for housing the turnaround workers at the Oil Refineries. Commercial units are suitable for a wide range of uses. 2 Garages & Warehouses. Eligible for EBURD grant funding in the TIF district. Basic rooms start at $500/month. Roof resurfaced 2022. Entire building was repaired, revitalized, and overhauled with a change of use in 2022.

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© 2023 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 9/24/2023.
www.searchbillingsrealestate.com/homes/139943239
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1140 1st Ave N Billings, MT 59101

  • Price: $1,300,000
  • Status: Active
  • On Site: 120 Days
  • Updated: 29 min ago
  • MLS #: 339897
0
Beds
0
Baths
0
½ Baths
0.91
Acres
20,700
SQFT
$63
$/SQFT
1955
Built
Neighborhood:
Exchange
County:
Yellowstone
Area:
(06) Downtown
Property Description
Mixed use Commercial & Residential Boarding House. 33-Units. Professionally managed, Tenant Leases in hand. Good central location in Billings - quick access to Downtown, Heights, Lockwood, Interstate. Class C Recession Proof property can serve the much needed Affordable Housing demand in Billings, but with flexibility to be used as offices or business if preferred. Boarding House is great for housing the turnaround workers at the Oil Refineries. Commercial units are suitable for a wide range of uses. 2 Garages & Warehouses. Eligible for EBURD grant funding in the TIF district. Basic rooms start at $500/month. Roof resurfaced 2022. Entire building was repaired, revitalized, and overhauled with a change of use in 2022.
Exterior Features

Alley YN 0 Building Type MixedOfficeOther Built Info Established Construction Siding Wood Frame Land Sq Ft 39639 Loading Other Number Of Parking Spaces 60 Parking Desc Open Road Frontage 1000 Road Surface Asphalt Roof Membrane

Interior Features

Ceiling Height 11 Heating ElectricGas Forced Air Number Of Levels 3 Office Sq Ft 20700 Shop Or Warehouse Sq Ft 0

Property Features

Annual SID 0 Annual Utility Costs 22000 Cooling CentralWallWindow Disclosure On File Finance Type 1031 ExchangeCashNew Loan Franchise YN No Gross Annual Income 225000 Insurance 4640 Lease Type Gross Leased YN Yes Misc Equipment RestroomsStorage Area Net Income 120000 Operating Expenses 108000 Possession At Closing Present Use ApartmentsChurchOfficeOtherProfessional ServiceResidenceRetailShopStorage SpaceStorefrontWarehouse Property Sub Type Office Rail YN Yes Sales Includes BuildingLand Sewer Public Total Taxes 12644 Type Of Business OfficeShop & Residential Water Public Zone Community Commercial

Listing information © 2023 Billings Association of Realtors MLS
Listing courtesy of Neil Beyer of Exp Realty, Llc: 406-578-4399
© 2023 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 9/24/2023.
 
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