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23240361
23240363

720 Washington St, Billings, MT 59101

AM
MT RRE-RBS-LIC-108682
Pure West Real Estate
Listed by Pure West Real Estate
$1,985,000
20 days on market
Updated 9 days ago

DanWalt Gardens

Details
APN D01715, D01716, D01719
Property Type Multifamily, Mixed Use
Sub Type Event Space
Square Footage 9,244
Net Rentable (SqFt) 9,244
Units 3
Cap Rate 8.83%
NOI $185,398
Tenancy Multi
Lease Type Net
Lease Term 1
Lease Expiration 04/06/2027
Remaining Term 0.8
Year Built 1940, 1965
Year Renovated 2023
Buildings 7
Stories 2
Acreage 3.000
Zoning Neighborhood Mixed-Use
Parking Spaces 3 spaces
Parking Per SqFt 0.32
Investment Type Owner/User
Lease Commencement 04/07/2026
Ground Lease No

DanWalt Gardens - Event Center Business and Homes for Sale | 8.83% CAP |

Marketing description

Welcome to DanWalt Gardens, a true Montana lifestyle opportunity! A 2024 award winning favorite Billings area event venue containing an immaculately maintained botanical garden, beautifully landscaped grounds, large event pavilion, gazebo, storage sheds, equipment, work shop, 7 private wells, & 3 residential homes on 3 acres of land which includes 748 Washington St & 3719 King Ave E.

Income sources include residential lease, rental, & bookings for weddings, birthdays, private parties, and corporate events. Business to be sold & closed with all 3 residential property addresses simultaneously.

Each property address sits on adjoining 1 acre lots with a residential home on each lot. Elegantly maintained 2-story main home includes 3 beds, 2.5 remodeled bathrooms, 2 kitchens, 3-car oversized garage, & attention to detail throughout. Sellers willing to train buyers.

Investment highlights

  • 3 Residential Homes

  • 3 Acres of Land

  • Large Event Pavilion

  • Botanical Gardens

  • 7 Wells on Property

Listing Contacts

AM
MT RRE-RBS-LIC-108682
Pure West Real Estate
Listed by Pure West Real Estate

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$185,398.00
$15,449.83/mo

Valuation Metrics

0
DSCR
9.34%
Cap Rate
9.34%
ROI

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Additional Information

Name
Andrew Miller
License
RRE-RBS-LIC-108682
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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