603 Washington St
- 4-unit multifamily investment property in Miles City, Montana
- 75% occupied with immediate lease-up opportunity
- B-Class asset offering a balance of stability and value-add potential
- Existing in-place income from occupied units
- Opportunity to increase cash flow by leasing vacant unit
- Strong demand for workforce housing in the local market
- Potential for rental rate growth through improved management and operations
- Diversified income stream across four residential units
- Suitable for both new and experienced multifamily investors
- Convenient location near employment centers, schools, shopping, and services
- Opportunity to improve occupancy and overall property performance
- Lower unit count allows for manageable ownership and oversight
- Attractive entry point into the multifamily investment market
Property Description
4-Unit Multifamily Investment Opportunity | Miles City, Montana Add a stable income-producing asset to your portfolio with this 4-unit multifamily property in Miles City, Montana. Currently operating at 75% occupancy, this B-class investment presents an opportunity for immediate income with additional upside through lease-up and operational improvements. The property features four residential units in a well-established location with convenient access to local amenities, employment centers, schools, and services. With one vacant unit, investors have the ability to increase cash flow through occupancy stabilization while benefiting from the strong demand for workforce housing in the area. Ideal for both seasoned investors and those seeking to expand their multifamily holdings, this asset offers a balance of current income and value-add potential. Whether you're looking for a steady long-term investment or an opportunity to enhance returns through active management, this property provides a compelling addition to any real estate portfolio.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $238,000 |
| No. of Units: | 4 |
| Year Built: | 1906 |
| Lot Size: | 0.23 Acres |
| Opportunity Zone: | No |
| Price per unit: | $59,500 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout