Homes for sale - 1218 8th AVE S, Great Falls, MT 59405

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$ 1,195,000

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Active

1218 8th AVE S Great Falls, MT 59405

0.34 Acres Lot

UPDATED:

10/28/2024 08:28 PM

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

Waterfront No

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

Listed by Dustin Young and Company

Kristi Bruyer

+1(406) 250-7288

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