Exceptional 12-unit Investment Opportunity! Recently renovated w/amazing cash flow & super low vacancy. Turn-key property priced under 100K per unit! Achieving an impressive 8.36 Cap rate with room to grow, GOI is 128,015 & NOI is 100,505. Awesome curb appeal w/lg well-maintained lot, this mid-century garden style, 3-building structure offers 11-1 bds, 1-2 bd, separate coin-op laundry, 2 addit'l storage rms-future apt expansion?-& 5 off-street parking spots. 9 units are fully rehabbed w/3 needing further renovations & under market rent providing buyers with a great value-add & projected increase of addit'l income. Each unit separately metered for electric/gas. A full list of improvements is avail & incl new elec service/panels, cement work/grading, paint, kitchen cabinets, flooring, lighting, custom tile in baths, vanities, appliances, HVAC. Let's discuss this rare opportunity & start collecting from your new passive income stream today! Listed by Amber D. Corrow-Scott and Jamie Laabs.
Property Type(s):
Multi Family
|
Year Built
|
1952
|
County
|
Cascade
|
Additional Details
| APPLIANCES |
Range, Refrigerator |
| BUYER'S BROKERAGE COMPENSATION |
2.5 |
| CONSTRUCTION |
Brick |
| HEAT |
Forced Air, Natural Gas |
| LOT |
0.344 acre(s) |
| SEWER |
Public Sewer |
| STORIES |
1 |
| STYLE |
Other |
| TAXES |
7053.08 |
| UTILITIES |
Natural Gas Available, Cable Available, Electricity Connected, Natural Gas Connected, Phone Available |
| WATER |
Public |
Location
Listing provided by: Amber D Corrow-Scott, Fathom Realty | 1216 8th Avenue S 1216-1220
IDX information provided courtesy of the Montana Regional MLS, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
This IDX solution is (c) Diverse Solutions 2024.
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