806 W Allison Ave
Multifamily | 6.47% CAP | 10 Units
Marketing description
806 West Allison is a 10-unit multifamily property located in Belgrade, Montana. Built in 2001 and extensively renovated, the property sits on .34 acres zoned Community Living (CL) within Belgrade city limits. All 10 units are three-bedroom, one-bathroom floor plans averaging approximately 1,000 square feet each. The property is 100% occupied and generating $14,875 per month in gross rent.
The property has undergone comprehensive renovation and capital improvements. Six of the ten units have been fully remodeled with new flooring, paint, cabinets, countertops, appliances, windows, doors, decks, blinds, toilets, and heater coverings. Select units received new mini-split heating and cooling systems and new water heaters. Units 7 and 8 have not been renovated.
At the building level, the roof, siding, and gutters have been replaced in their entirety. The attic above Unit 1 was restored and re-insulated, and the parking lot was resurfaced with new asphalt.
Investment highlights
- Six of the ten units have been fully remodeled with new flooring, paint, cabinets, countertops, appliances, windows, doors, decks, blinds, toilets, and heater coverings
- Select units received new mini-split heating and cooling systems and new water heaters
- Roof, siding, and gutters have been replaced in their entirety
- Attic above Unit 1 was restored and re-insulated
- Parking lot was resurfaced with new asphalt
- 100% occupied and generating $14,875 per month in gross rent
- All 10 units are three-bedroom, one-bathroom floor plans averaging approximately 1,000 square feet each
- Community Living (CL) zoning within Belgrade city limits
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