1218 8th AVE S Active Save Request In-Person Tour Request Virtual Tour
Great Falls,MT 59405
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 30035348
Style Other
HOA Y/N No
Year Built 1952
Annual Tax Amount $7,053
Tax Year 2023
Lot Size 0.344 Acres
Acres 0.344
Property Description
Exceptional 12-unit Investment Opportunity! Recently renovated w/amazing cash flow & super low vacancy. Turn-key property priced under 100K per unit! Achieving an impressive 8.22 Cap rate with room to grow, GOI is 128,261 & NOI is 100,751. Awesome curb appeal w/lg well-maintained lot, this mid-century garden style, 3-building structure offers 11-1 bds, 1–2 bd, separate coin-op laundry, 2 additional storage rms-future apt expansion & 5 off-street parking spots. 9 units are fully rehabbed w/ 3 needing further renovations & under market rent providing buyers with a great value-add & projected increase of additional income. Each unit separately metered for electric/gas. A full list of improvements is available & new electrical service/panels, cement work/grading, paint, kitchen cabinets, flooring, lighting, custom tile in baths, vanities, appliances, HVAC. Contact Dustin Young 406-868-0736 or your real estate professional! This building is locally managed by the owners and is very well maintained and managed.
Location
State MT
County Cascade
Rooms
Basement None
Interior
Heating Forced Air,Gas
Fireplace No
Appliance Range,Refrigerator
Laundry Common Area,Washer Hookup
Exterior
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Phone Available
Water Access Desc Public
Roof Type Rubber,Rolled/Hot Mop
Building
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Other
New Construction No
Others
Senior Community No
Tax ID 02301512413110000
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Special Listing Condition Standard