1403 East Main Street

    Laurel, MT 59044
    • $485,000
    • STATUS: Active
    • ON SITE: 88 days
    • MLS #: 298635
    $485,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    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. Lots of remodeling and bigger ticket items have been addressed. Very low vacancy rates so far. Manager in place would like to stay. This property can be purchased as a package with 711 East Main if someone wants a larger holding. These units are month to month and are generally full with a waiting list.

    Monthly Payment Calculator

    © 2019 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 10/14/2019.
    www.searchbillingsrealestate.com/homes/96994850

    1403 East Main Street Laurel, MT 59044

    • Price: $485,000
    • Status: Active
    • MLS #: 298635
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    1947
    Built
    Neighborhood:
    Nutting
    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. Lots of remodeling and bigger ticket items have been addressed. Very low vacancy rates so far. Manager in place would like to stay. This property can be purchased as a package with 711 East Main if someone wants a larger holding. These units are month to month and are generally full with a waiting list.
    Exterior Features

    Built Info Existing Construction Siding Frame Lot Description LandscapedLevel Number Of Parking Spaces 13 Roof Shingle Style Ranch

    Interior Features

    Heating Gas Hot Water Number Of Fireplaces 0 Number Of Levels 1

    Property Features

    Annual SID 0 Cooling Window Disclosure On File Finance Type 1031 ExchangeCashConventionalNew Loan Gross Income 63074 Insurance 3132 Net Income 29247 Operating Expenses 33826 Possession At Closing Property Sub Type Apts Sewer City Storage LockedSeparate Total Taxes 3601 Water Public Zone Community Commercial

    Listing information © 2019 Billings Association of Realtors MLS
    Listing courtesy of Carey Chapman of Re/Max Of Billings
    © 2019 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 10/14/2019.
     
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