Listed by U Bar S Real Estate
$97,500
Ridgeview Condo/Shop
Details
Property Type Mixed Use, Self Storage
Sub Type Shop, Storage
Square Footage 1,152
Cap Rate 5.77%
NOI $5,625
Occupancy 100%
Tenancy Single
Lease Type Gross
Price per SqFt $85
Year Built 2021
Investment Type Owner/User
Ceiling Height 16
24X48 Shop/Storage - West end of Billings MT
Marketing description
- Each Unit 24 X 48
- Duplex units- each building 48 X 48 - Firewall between units.
- Security entry, “KEY PAD” secure perimeter fence
- Annual association fees $975/year (includes insurance)
- Central restrooms
- Total of 60 units
- Wood frame buildings with color metal inside and out.
- 14 foot high overhead door, 14 ft. wide plus a 3 ft walk in door
- All metal lined inside.
- Concrete floor and front apron.
- Ceiling hung natural gas forced air heater
Investment highlights
SELLER FINANCING AVAILABLE !!
$20,000 down, $1,000/month for three (3) years, balloon payment at the end of the 3rd year, 7% annual interest rate.
Listing Contacts
Listed by U Bar S Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$5,625.00
$468.75/mo
Valuation Metrics
0
DSCR
5.77%
Cap Rate
5.77%
ROI
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