ATTENTION INVESTORS! Occupied RENTALS 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 for ALL $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 on all properties together = 11.8% ROI and 13.5 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 All units have been updated in last 5-15 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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