Listed by SVN PureWest Commercial Real Estate.
$238,000
603 Washington St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,206
Units 4
Occupancy 75%
Tenancy Multi
Class B
Year Built 1906
Investment Type Value Add
Multifamily | 4 Units
Marketing description
4-Unit Multifamily Investment Opportunity | Miles City, Montana
Add a stable income-producing asset to your portfolio with this 4-unit multifamily property in Miles City, Montana. Currently operating at 75% occupancy, this B-class investment presents an opportunity for immediate income with additional upside through lease-up and operational improvements.
The property features four residential units in a well-established location with convenient access to local amenities, employment centers, schools, and services. With one vacant unit, investors have the ability to increase cash flow through occupancy stabilization while benefiting from the strong demand for workforce housing in the area.
Ideal for both seasoned investors and those seeking to expand their multifamily holdings, this asset offers a balance of current income and value-add potential. Whether you're looking for a steady long-term investment or an opportunity to enhance returns through active management, this property provides a compelling addition to any real estate portfolio.
Located in the heart of Miles City, MT, this property benefits from a strong regional economy and serves as a housing option for the area's workforce, healthcare, education, and agricultural sectors. Miles City is the commercial and service hub of eastern Montana, drawing residents and businesses from surrounding communities throughout the region.
Investment highlights
- 4-unit multifamily investment property in Miles City, Montana
- 75% occupied with immediate lease-up opportunity
- B-Class asset offering a balance of stability and value-add potential
- Existing in-place income from occupied units
- Opportunity to increase cash flow by leasing vacant unit
- Strong demand for workforce housing in the local market
- Potential for rental rate growth through improved management and operations
- Diversified income stream across four residential units
- Suitable for both new and experienced multifamily investors
- Convenient location near employment centers, schools, shopping, and services
- Opportunity to improve occupancy and overall property performance
- Lower unit count allows for manageable ownership and oversight
- Attractive entry point into the multifamily investment market
Listing Contacts
Listed by SVN PureWest Commercial Real Estate.
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