206-210 N 18th StreetBillings, MT 59101
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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.
| 2 months ago | Listing first seen on site | |
| 2 months ago | Listing updated with changes from the MLS® |
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