Description
The Residences at Lordwith is a stabilized 24-unit multifamily in a central Billings infill location near Pioneer Park and downtown. The property is fully occupied with a waitlist, providing consistent cash flow supported by strong demand and professional management. It offers clear upside through renovation of remaining classic units, with updated units already achieving higher rents and demonstrating a repeatable path to increased NOI. An approved condo conversion adds flexibility, allowing for long-term hold, phased sell-off, or full retail disposition. With proven performance, continued rent growth, and demand from both renters and potential owner-occupants, this asset presents a strong blend of stability and upside.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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23,760SQFT
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$229$/SQFT
School Ratings & Info
Description
The Residences at Lordwith is a stabilized 24-unit multifamily in a central Billings infill location near Pioneer Park and downtown. The property is fully occupied with a waitlist, providing consistent cash flow supported by strong demand and professional management. It offers clear upside through renovation of remaining classic units, with updated units already achieving higher rents and demonstrating a repeatable path to increased NOI. An approved condo conversion adds flexibility, allowing for long-term hold, phased sell-off, or full retail disposition. With proven performance, continued rent growth, and demand from both renters and potential owner-occupants, this asset presents a strong blend of stability and upside.