Listed by Coldwell Banker Commercial Green & Green
$4,475,000
Burnham Ranch Condos
Details
APN 46672
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,388
Net Rentable (SqFt) 16,388
Units 12
Cap Rate 5.18%
NOI $231,724
Occupancy 100%
Price per SqFt $273
Broker Co-Op Yes
Class A
Year Built 2023
Year Renovated N/A
Buildings 4
Stories 2
Acreage 0.600
Zoning B-2 (Business-2)
Investment Type Stabilized
Ownership Fee Simple
12 Brand New Condo Units - Fully Leased With Management In Place
Marketing description
Four garden-level triplex condominiums available for sale as a package. These 12 units were constructed in 2023 and are fully leased with management in place. Each unit features two bedrooms, a single-car garage, and in-unit washer and dryer. The units are nearly identical in layout and size, with the exception of an extra half bath in the center units. The location is perfect for residents; Costco is just across the street, employment is a quick drive away, and access to the site is easy and convenient. The condo structure offers flexibility - you can hold and lease, sell units individually, or a mix of both. Helena continues to face a strong demand for housing, invest in these brand new units today.
Investment highlights
Condo Structure Offers Flexibility & Lowers Risk
12 Condo Units Among 4 Structures
Zoned B-2
Phenomenal Location For Tenants
Located in Central Montana - Helena City Limits
Listing Contacts
Listed by Coldwell Banker Commercial Green & Green
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$231,724.00
$19,310.33/mo
Valuation Metrics
0
DSCR
5.18%
Cap Rate
5.18%
ROI
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