Monti Holdings
Multifamily | 9 Units | $99,989/unit
Marketing description
Located in the heart of Montevideo, this 9-unit multifamily property benefits from a stable rental market driven by consistent local employment, limited new multifamily construction, and steady demand for workforce housing. Montevideo serves as the county seat of Chippewa County and functions as a regional hub for healthcare, education, manufacturing, and agricultural services, supporting long-term rental stability.
The property sits within an established residential neighborhood near downtown amenities, schools, parks, and major local employers, enhancing tenant retention and broad rental appeal. Access to paved city streets, sidewalks, and public utilities further supports ease of operation and long-term asset durability.
From an investment perspective, the local market favors well-maintained, mid-sized multifamily assets, particularly those offering off-street parking, on-site laundry, and a diversified unit mix. With limited competing inventory and historically low vacancy rates for comparable properties, multifamily assets in Montevideo continue to attract investors seeking predictable cash flow in a secondary market with lower volatility than larger metros.
This property’s current performance at approximately a 7 +% cap rate, combined with its location, unit mix, and operational features, positions it favorably for investors targeting stabilized income with potential upside through continued unit improvements and operational efficiencies.
Investment highlights
Stabilized 9-Unit Multifamily Asset
Well-maintained 9-unit property consisting of two separate buildings on one parcel, providing operational flexibility and diversified tenancy.Attractive Going-In Yield
Currently performing at approximately a 7 + % cap rate, offering immediate cash flow in a stable secondary market.Strong Unit Mix
Desirable configuration of 5 one-bedroom units and 4 two-bedroom units, supporting broad renter demand and reduced vacancy risk.Historic Character with Modern Updates
Main building retains turn-of-the-century architectural charm while most units have been renovated with updated interiors, appealing to long-term tenants.On-Site Amenities That Support Retention
Features include owned coin-operated laundry, three-car detached garage, ample off-street parking, and a fully fenced yard, enhancing tenant satisfaction.Solid Physical Construction
Brick/stone exterior, architectural shingle roof, boiler heat with natural gas, and city water/sewer connections contribute to durability and predictable maintenance.Established Residential Location
Situated in an established neighborhood of Montevideo with proximity to downtown services, employment centers, and public infrastructure.Operational Scale Without Institutional Complexity
Ideal size for private investors seeking meaningful cash flow without the management burden of large-scale multifamily assets.Upside Through Continued Improvements
Opportunity exists to further enhance rents through ongoing unit updates, operational efficiencies, and long-term capital improvements.Financials Available Upon NDA
Detailed income and expense documentation available to qualified buyers, supporting underwriting transparency.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
