DECO REALTY
206-210 N 18th ST Active Save Request In-Person Tour Request Virtual Tour
Billings,MT 59101
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,396 sqft
Price per Sqft $231
Subdivision Billings Original Townsite
MLS Listing ID 350891
Style Two Story
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 3,396
Year Built 1920
Annual Tax Amount $4,023
Lot Size 7,000 Sqft
Acres 0.1607
Property Sub-Type Multi Family
Property Description
7.4 cap rate! Turnkey 6-unit multifam investment opp. This meticulously updated property consists of a 4-plex on one parcel & two charming detached homes on the adjacent parcel, allowing the option for separate financing. All 6 units are being sold together. Renovations include granite countertops in 5 units, premium trim work, & modern finishes. Apts have high ceilings & large walk-in pantries. Security cameras installed. Current rents are $975 for 5 units and $895 for the studio, plus CAM & tenant reimbursement for W/S/G. The demand for rentals is consistently high in this location, due to its strategic positioning near key employment centers and range of lifestyle attractions. Additional income include $25/mo. parking and $100/mo coin-op laundry. Recent improvements include a $38k foundation repair on the 4-plex & fresh exterior paint on the deck, significantly enhancing curb appeal.
Location
State MT
County Yellowstone
Area (06) Downtown
Zoning See Remarks
Interior
Heating Ductless,Natural Gas,Combination
Cooling Ductless
Fireplace No
Laundry Laundry Room
Exterior
Exterior Feature Storage
Water Access Desc Public
Roof Type Composition,Metal
Porch Deck,Patio
Total Parking Spaces 3
Building
Lot Description Interior Lot,Level
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Two Story
Level or Stories Two
Construction Status Updated/Remodeled
Schools
Elementary Schools Mckinley
Middle Schools Riverside
High Schools Senior High
Others
Tax ID A00467, A00467A
Security Features Security System
Acceptable Financing Cash,New Loan
Listing Terms Cash,New Loan
Virtual Tour https://www.propertypanorama.com/instaview/bmt/350891