Billings Multifamily Apartment Investment
UPDATED SALE PRICE: $599,000 Seller financing may be available with acceptable terms.
Marketing description
Seller financing may be available with acceptable terms.
5 Flex For Sale | Gated garden style well | loved and maintained property
Units
$940 - 2 Bed / 1 bath
$700 - 1 Bed / 1 bath
$740 - 1Bed / 1 bath
$700- 1Bed / 1 bath
$740- 1Bed / 1 bath
Zoning - DX-Downtown Support
Building - 3152 SF
Land - 7,000 SF
Year Built -1882
Property used to have a second dwelling where the parking lot is now, buyer to verify if it can be added again.
All units are month to month and great tenant mix, very happy group. Unit #1 does some onsite maintenance. Owner does a lot of maintenance as well. All tenants are aware of sale and very compliant to upcoming rent adjustments.
Utilities
All units have separate gas and electric meters.
Landlord pays water, sewer, garbage. Approximately $700 month
Water Heater is newer.
Improvements
Asphalt roof was done in 2018.
Fridges and Stoves all convey.
5 Gas units done from 2015-2020
3 Year Trending rent
2022 - $40,840
2023 - $44,880
2024 - $45,840
Insurance is $3782 currently
Taxes 2025 - $ 2213
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