3506, 3511 & 3513 Montana Ave, Billings, MT 59101

*Newly Remodeled 6 Plex
*For Sale $399,000
*Net Operating Income = $41,894
*10.5% Cap Rate
*Utilities Paid by Landlord
*Landlord Charges an Extra $25/mo for Window AC Units
*3 Buildings on 2 Lots
*Zoned Community Commercial

3507 Montana Ave - Single Family
*New Roof
*New Siding w/ Extra Insulation
*New Windows & Doors
*New 38R Attic Insulation
*New Electric Service Panel
*New Flooring
*New Cabinets
*New Refrigerator
*New Sewer Line 3 Years Ago
*Rents for $975/mo

3511 Montana Ave - Duplex
*New Roof
*New Siding
*New Windows & Doors
*New Electric Service Panels
*New Decks
*Basement apartment completely remodeled ($750/mo)
*Upstairs apartment w/ wood floors ($936/mo)

3513 Montana Ave - Triplex
*New Roof
*New Siding
*New Windows & Doors
*Shared Laundry Facilities
*Front Unit w/ New Carpet ($895/mo)
*Back Unit ($787/mo)
*Basement Unit ($850/mo)

3507, 3511 and 3513 Montana Ave is a newly renovated 6 plex close to downtown. Downtown Billings recently conducted a survey indicating that there is a demand for 500-1,000 more apartment units downtown. With such strong rental demand, these 6 units always stay full. Tenant's enjoy off street parking, large mature trees providing excellent shade in the summer and are walking distance from restaurants, breweries and downtown businesses. With most multifamily properties selling at a 6.5% to 7% Cap Rate, investors have a rare opportunity to acquire a sharp looking property performing at a 10.5% Cap Rate so they can enjoy an excellent stream of cashflow.