ATTENTION INVESTORS! TWO RENTAL PROPERTIES sold together = 6 Unit Multi-Family = 3 Houses and 1-1car garage. Great location central to Billings downtown. 3507 and 3511 Montana Ave Billings, MT 59101 - REDUCED! Asking on both $218,000 - All units occupied - Total rents = $4587.00/mo - Total taxes on both = $2092 - Utilities pd by landlord = $850/mo (see HOA figure in analysis photo) Properties in decent condition Good foundation New exterior paint Gas furnaces A/C if tenant provides window unit (lease states $50 added to rent) ANALYSIS (see photo) of both properties together = 12.6% ROI and 14.3 Cap Rate INCLUDES: - $25k figured in to analysis for repairs: windows update electric throughout other unknown 10% property management 3% repairs 2% vacancy utilities tax and insurance closing costs Property updated throughout last 10 yrs. Sold "As Is"... Buyer pays close. Cash deal OCCUPIED. PLEASE DO NOT DISTURB TENANTS. Serious inquiries drive by, then call to view.
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