1439 Flathead Street
Property Description
- 1439 & 1447 Flathead St, Billings, MT 59105 - Stabilized 16-unit multifamily investment - For Sale $3,167,350 - Two matching buildings totaling ±13,324 SF - All 1 bedroom / 1 bathroom units - 16 apartments @ 529 SF each - 16 dettached garages @ 275 SF each — one per unit - 2 on-site wash / utility rooms - Fully occupied and stabilized - Efficient, uniform unit mix for simplified management - Utilities: tenant-paid all electric units - Current 4.45% cap rate | NOI: $140,954 | Based on current rents of $895/mo per unit - Pro Forma 6.25% cap rate | NOI: $197,959 | Based on rents of $1,195/mo per unit - Pro Forma Short-Term Rental 8.67% cap rate | NOI: $274,759 | Based on rents of $1,595/mo per unit
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,167,350 |
| No. of Units: | 16 |
| Year Built: | 1983 |
| Lot Size: | 0.93 Acres |
| Opportunity Zone: | No |
| Price per unit: | $197,959 |
| Property Website | Click Here |
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