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    2020+2024+2028 Alderson Avenue

    Billings, MT 59102
    • $1,100,000
    • STATUS: Active Under Contract
    • ON SITE: 38 Days
    • MLS #: 322792
    Under Contract
    UPDATED: 59 min ago
    $1,100,000
    • 0
      BEDS
    • 1.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1966
    County:

    School Ratings & Info

    Description

    Terrific opportunity to own prime land with 26 apartments! 3 lots (2020, 2024 and 2028 Alderson Ave) combine for a total of 47,000 sq. ft. with 6 buildings that have a total of 26 one-bed, one-bath apartments. Each lot has shared laundry facilities. Avg monthly rent per unit is $500. All units currently leased. All buildings with new roofs in 2020. County tax records assess value of land + buildings at $1,289,600. Info per Orion Detail, buyer & buyer agent to verify. Properties currently owned by a trust, with trustee selling assets.

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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 10/19/2021.
    www.searchbillingsrealestate.com/homes/121335640
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    2020+2024+2028 Alderson Avenue Billings, MT 59102

    • Price: $1,100,000
    • Status: Active Under Contract
    • Updated: 59 min ago
    • MLS #: 322792
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.08
    Acres
    1966
    Built
    Neighborhood:
    Arnold Subd 1st Filing
    County:
    Yellowstone
    Area:
    (08) West Billings
    Property Description
    Terrific opportunity to own prime land with 26 apartments! 3 lots (2020, 2024 and 2028 Alderson Ave) combine for a total of 47,000 sq. ft. with 6 buildings that have a total of 26 one-bed, one-bath apartments. Each lot has shared laundry facilities. Avg monthly rent per unit is $500. All units currently leased. All buildings with new roofs in 2020. County tax records assess value of land + buildings at $1,289,600. Info per Orion Detail, buyer & buyer agent to verify. Properties currently owned by a trust, with trustee selling assets.
    Exterior Features

    Alley YN 1 Building Type Other Built Info Existing Construction Siding Mixes Land Sq Ft 47001 Loading None Parking Desc Common LotGravel Road Frontage 0 Road Surface Na Roof Metal

    Interior Features

    Ceiling Height 0 Heating Na Number Of Levels 1 Office Sq Ft 0 Shop Or Warehouse Sq Ft 0

    Property Features

    Annual SID 0 Cooling None Disclosure On File Finance Type 1031 ExchangeCashNew Loan Gross Annual Income 155000 Insurance 24300 Leased YN Yes Net Income 51000 Operating Expenses 67000 Possession At Closing Present Use Apartments Property Sub Type Business Opportunities Sales Includes BuildingLand Sewer Public Total Taxes 12800 Water Public Zone Mixed Residential 2

    Listing information © 2021 Billings Association of Realtors MLS
    Listing courtesy of Matt Laughlin of Berkshire Hathaway Hs Floberg
    © 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 10/19/2021.
     
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