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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28216663
28216664

1920 Old Hardin Rd, Billings, MT 59101

JH
MT RRE-BRO-LIC-88041
NAI Business Properties
Listed by NAI Business Properties
$1,850,000
207 days on market
Updated 52 days ago

1920 & 1922 Old Hardin Road

Details
APN C05148
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,880
Net Rentable (SqFt) 13,880
Units 13
Cap Rate 7.39%
NOI $136,746
Occupancy 100%
Pro-Forma Cap Rate 8.07%
Pro-Forma NOI $149,346
Price per SqFt $133
Broker Co-Op Yes
Class A
Year Built 2024
Buildings 2
Stories 2
Lot Size (SqFt) 39,160
Zoning CMU1
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

Solid cash flow multifamily investment opportunity with room for rent increases.

Marketing description

Introducing a prime opportunity for Multifamily investors in the Billings area. The property features a brand new construction 8-Plex built in 2024, and a 5-plex built in 1973 and remodeled in 2005. This is a recently stabilized investment with room for rent increases.

Financials provided upon request.

PROPERTY VIDEO LINKS:

1922

https://youtu.be/TjqOJ18J_UI

This video shows a tub unit #5 and the ADA shower unit #7. Floorplan and finish are the same throughout the building other than that, units 1,3,6,8 are mirror images.

1920

Unit 1 https://youtu.be/X7kISQaIHn0

Unit 2 https://youtu.be/R2bNAns3558

Unit 3 https://youtu.be/nW7lKZUejT8

Unit 4 https://youtu.be/XMGUPf_GBCY

Unit 5 https://youtu.be/-hcZ4gFLneQ

Investment highlights

$17,700 Gross Monthly Income

Room for rent increases

13 Units Total

8-Plex (9,016 SF new construction)

5-Plex (4,864 SF)

Professionally managed

Listing Contacts

JH
MT RRE-BRO-LIC-88041
NAI Business Properties
Listed by NAI Business Properties

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$136,746.00
$11,395.50/mo

Valuation Metrics

0
DSCR
7.39%
Cap Rate
7.39%
ROI

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Additional Information

Name
Jake Hedge, CCIM
License
RRE-BRO-LIC-88041
Brokerage
NAI Business Properties
Brokerage Phone
4066960395
Title
MT
Brokerage Address
3412 Colton Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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