Property Description

Good investment opportunity for a well maintained 10 unit complex with off street parking. There are 2 buildings, the larger building has 8 units on 2 levels. The newer building has 2 units with a laundry area. Owners state that units usually stay rented for longer periods of time. Vacancies have been minimal over the years. Leases are month to month. 1 bedroom units rent for various/mo plus electric and the 2 bedroom units are various/mo plus electric. As old tentants move out the units are rented at $425 and $475. Landlord pays for natural gas, water and garbage (self hauled). Buildings are heated with hot water boilers (replaced in 2016-17) and cooled by wall units. Main building lower level roof was replaced 2010, upper level is masonite shingles and there is a rubber membrane roof on the very top roof cap. Property has updated coin op washers (4) and dryers (4) for tenant use. Under ground sprinklers for the yard. Small storage shed. Large building has a rock foundation, basement is utility space concreted. Well for sprinklers is in the basement. Smaller building is concrete and cinder block construction.

Features
10
: boiler, radiator
: Wall unit
: refrigerator, oven/range- electric
: out building, Corner lot
: flooring- carpet, countertops- laminate, flooring- linoleum
: Concrete block
: Architectural shingle, Metal, flat, slate
: Power: mdu, water: city/public, sewer: city
: Siding-wood
: refrigerator, flooring- carpet, countertops- laminate, oven/range- electric, out building, flooring- linoleum, Corner lot
Address and Location
United States
Montana
Custer
Miles City
59301
Custer: Miles City
Additional Information
: 4+ units
Lesh & Company
Montgomery Lesh
$3,848
Commercial
: In flood zone

Multi-family building

21 4 th Miles City, Montana 59301

15 Bedrooms
10 Bathrooms
0.28 Acre
$285,000
MLS ID #340682
Basic Details
Property Type : Multi-family building
Price : $285,000
MLS ID : 340682
Bedrooms : 15
Bathrooms : 10
Lot Size : 0.28 Acre
Listing Status : Active
Year Built : 1900
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