Crist Drive
- Fully Stabilized | 100% Occupied — All eight (8) one-bedroom units leased and generating $7,000/month in gross rental income from day one.
- Dual-Building Portfolio — Two identical 2,200 SF wood-frame buildings offering operational simplicity and redundancy across a combined 4,400 SF footprint.
- Proven Billings Heights Location — Situated in the fully built-out Crist Acres subdivision, a stable, low-vacancy submarket with consistent rental demand.
- Membrane Roof — Long-life roofing system on both buildings reduces near-term capital expenditure exposure for incoming ownership.
- Month-to-Month Tenancy — Flexible lease structure provides an immediate opportunity to reset rents to current market rates upon acquisition.
- Locked off room for coin op washer/dryer
Property Description
Offered for sale is a two-building, eight-unit multi-family portfolio situated in the established Billings Heights submarket within the Crist Acres subdivision. The property presents a stabilized, fully occupied income stream in a mature, low-density residential neighborhood with a traditional suburban character. Exterior finishes include wood siding and a membrane roof. The buildings have undergone various remodels over the years, and mechanical systems — including electrical, plumbing, and HVAC. Unit Mix Each building contains four (4) one-bedroom, one-bathroom units, all accessed via individual exterior doors, for a total of eight (8) units across the portfolio. All units are currently occupied.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $740,000 |
| No. of Units: | 8 |
| Year Built: | 1966 |
| Lot Size: | 0.57 Acres |
| Opportunity Zone: | No |
| Price per unit: | $92,500 |
| Property Website | Click Here |
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