Property Description

5 unit apartment building with excellent rental history. Building has an occasional vacancy, several long term tenants. Owner has updated the boiler system, exterior painting, landscaping, concrete and yard. Good location close to downtown shopping, restaurant’s, bars, banks, etc. Units are metered for electricity. Landlord pays first $50/mo in unit 2,3,4,5 monthly average is $20-37/ unit. Landlord pays for gas and electric for heat, average is $208/mo. Water and sewer is $101/mo, garbage $31/mo. Potential gross rent is $2175/mo for 5 units using current rates. Monthly expenses are around $874/mo, potential net is $1301/mo. This is a 7.13% CAP rate at the $219,000 asking price. All leases are month to month

Features
5
: forced air-gas, hot water-gas
: Wall unit, Window unit
: refrigerator, water heater- nat. gas, oven/range- electric, washer, dryer
: Corner lot, porch- enclosed
: flooring- laminate, flooring- carpet, countertops- laminate, flooring- linoleum
: Poured-wall
: Architectural shingle, flat
: Power: mdu, water: city/public, sewer: city
: Siding-wood, Brick
: flooring- laminate, refrigerator, flooring- carpet, water heater- nat. gas, countertops- laminate, oven/range- electric, flooring- linoleum, washer, dryer, Corner lot, porch- enclosed
Address and Location
US
MT
Custer
Miles City
59301
Custer: Miles City
Additional Information
: 4+ units
Miles City School District
Lesh & Company
Montgomery Lesh
$2,785
Residential
: In flood zone

Multi-family building

123 9th St, Miles City, Montana 59301

5 Bedrooms
5 Bathrooms
5,496 Sqft
$219,000
MLS ID #341198
Basic Details
Property Type : Multi-family building
Price : $219,000
MLS ID : 341198
Bedrooms : 5
Bathrooms : 5
Square Footage : 5,496 Sqft
Lot Size : 0.15 Acre
Listing Status : Active
Year Built : 1907
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