Listed by Coldwell Banker Mountain Properties
$1,425,000
Heritage Apartments
Details
APN 20403012318035000
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 17,442
Net Rentable (SqFt) 17,442
Units 19
Cap Rate 6.07%
NOI $86,477
Occupancy 100%
Pro-Forma Cap Rate 9.51%
Pro-Forma NOI $135,461
Price per SqFt $82
Broker Co-Op Yes
Class C
Year Built 1955
Stories 2
Acreage 0.533
Zoning Commercial
Parking Spaces per unit
Investment Type Value Add
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange
Apartment Complex for Sale in Glasgow, Montana
Marketing description
Presenting an exceptional opportunity to own a well-maintained 19-unit apartment complex in the heart of Glasgow, Montana. This income-producing property features all 2-bedroom, 1.5-bathroom units, offering spacious layouts ideal for singles, couples, and small families. With strong rental demand and limited multifamily inventory in the area, this complex is perfectly positioned to deliver reliable cash flow and long-term investment potential. Located in a quiet residential neighborhood just minutes from downtown, tenants enjoy convenient access to schools, parks, shopping, and local employers. The local economy is supported by healthcare, agriculture, education, and energy sectors, contributing to a stable rental market.
Whether you're a seasoned investor or seeking to expand your portfolio, this 19-unit complex presents a rare chance to acquire a turnkey multifamily asset in a growing, under-supplied rental market.
Investment highlights
Fully Leased 19 - Unit Property. All currently rented and producing stable income
Spacious floor plans. Each unit offers over 900 sq ft with 2 bedrooms and 1.5 bathrooms.
Established Rental History - Well-maintained units with strong occupancy and dependable tenants in place.
Central Glasgow Location - Conveniently located near downtown, schools, and services.
Turnkey Investment - Immediate cash flow.
Upside Potential with current rents being below market rate. Most units are on month to month leases.
Very few multi family opportunities in the area
Recent improvements include new roofing and landscape refresh.
Listing Contacts
Listed by Coldwell Banker Mountain Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$86,477.00
$7,206.42/mo
Valuation Metrics
0
DSCR
6.07%
Cap Rate
6.07%
ROI
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