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940-952 Yellowstone River Road

Billings, MT 59105
  • $1,300,000
  • STATUS: Active
  • ON SITE: 65 Days
  • MLS #: 328936
UPDATED: 39 min ago
$1,300,000
  • 0
    BEDS
  • 2.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,167
    SQFT
  • $410
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2006
County:

School Ratings & Info

Description

2.12 acres zoned Commercial. 45 Unit Storage facility plus duplex and other structures. Possible better use for land with current zoning. Room for further expansion, lots of possibilities. Storage facility was built in 2006. 45 Units plus additional secured parking in the middle. 23 Enclosed Units (19)12x24, (4) 12x36, 22 Open (11) 12x36 and (11) 12x24. Duplex has updated 3 bedroom, 2 bath. Upstairs master suite has balcony w/views of Yellowstone River, fenced yard, double garage, double carport, shed and deck with firepit. Both units have own laundry. Smaller unit is 3 bedrooms, 1 bath. Fenced yard and double carport. Super low maintenance, operate from a distance. Potential Cap Rate of 7.0% if all rents are raised to what the newest tenants are paying. Current Cap Rate is low due to rents not being increased in 5 years because of long term tenants and low to zero maintenance.

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© 2022 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 6/25/2022.
www.searchbillingsrealestate.com/homes/127865559
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940-952 Yellowstone River Road Billings, MT 59105

  • Price: $1,300,000
  • Status: Active
  • On Site: 65 Days
  • Updated: 39 min ago
  • MLS #: 328936
0
Beds
0
Baths
0
½ Baths
2.12
Acres
3,167
SQFT
$410
$/SQFT
2006
Built
Neighborhood:
Brittain Acres
County:
Yellowstone
Area:
(02) Billings Bench (East Of Main)
Property Description
2.12 acres zoned Commercial. 45 Unit Storage facility plus duplex and other structures. Possible better use for land with current zoning. Room for further expansion, lots of possibilities. Storage facility was built in 2006. 45 Units plus additional secured parking in the middle. 23 Enclosed Units (19)12x24, (4) 12x36, 22 Open (11) 12x36 and (11) 12x24. Duplex has updated 3 bedroom, 2 bath. Upstairs master suite has balcony w/views of Yellowstone River, fenced yard, double garage, double carport, shed and deck with firepit. Both units have own laundry. Smaller unit is 3 bedrooms, 1 bath. Fenced yard and double carport. Super low maintenance, operate from a distance. Potential Cap Rate of 7.0% if all rents are raised to what the newest tenants are paying. Current Cap Rate is low due to rents not being increased in 5 years because of long term tenants and low to zero maintenance.
Exterior Features

Alley YN 0 Building Type Other Built Info Established Construction Siding Metal Land Sq Ft 92347 Road Frontage 0 Road Surface Public Roof AsphaltMetalShingle Sidewall Height 0

Interior Features

Ceiling Height 0 Heating Gas Forced Air Number Of Levels 1 Office Sq Ft 0 Shop Or Warehouse Sq Ft 0

Property Features

Annual SID 0 Annual Utility Costs 120 Cooling CentralNone Disclosure Not On File Elec Meters 1 Finance Type CashNew Loan Franchise YN No Gas Meters 1 Gross Annual Income 78900 Leased Equipment YN No Leased YN Yes Misc Equipment Security System Net Income 63435 Number Water Meters 1 Operating Expenses 15465 Possession At Closing Present Use ApartmentsStorage Space Property Sub Type Other Restrictions See Deed Sales Includes BuildingLand Sewer Public Total Taxes 9065 Type Of Business Storage Units Water PublicShared Zone Corridor Mixed-Use 1

Listing information © 2022 Billings Association of Realtors MLS
Listing courtesy of Zainya Zimmerer of A A A Realty, Inc.
© 2022 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 6/25/2022.
 
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