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    2713 & 2717 4th Avenue S

    Billings, MT 59101
    • $740,000
    • STATUS: Active
    • ON SITE: 51 days
    • MLS #: 319745
    Price Reduced
    UPDATED: 22 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 7/30/2021.
    www.searchbillingsrealestate.com/homes/118025884
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    2713 & 2717 4th Avenue S Billings, MT 59101

    • Price: $740,000
    • Status: Active
    • Updated: 22 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 7/30/2021.
     
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