4130-4146 Arden Ave, Billings, MT

Multi-family for Sale - $525,000 - 27864 acres


Agent Info

Nathan Matelich
Coldwell Banker Commercial CBS

Property Info

CIMLS#1054889
Location
  4130-4146 Arden Ave
  Billings MT 59101
UpdatedAugust 21st, 2019
TypeMulti-family
Price$525,000
Land27864 acres

Contact


Property Description

*Multifamily property - 2 House & 7 Mobile Homes

*For Sale $525,000

*27,864 SF Lot

*Zoned Residential Manufactured Home

*City Water

*Septic Systems, but Sewer Lines are Stubbed in

*Monthly Income = $6,125

*NOI = $53,607 (3 Year Average)

*10.2% CAP Rate

*Owner has complete maintenance log available to prospective buyers

4130 Arden Ave

*6 qty 1960's and 1970's Mobiles

*Rent = $640-$685/mo

4140 Arden Ave

*816 SF 1 Bedroom Home w/ Carport

*Rent = $665/mo

*720 SF 3 Bay Garage (currently used by owner, but could be rented for $450/mo)

4142 Arden Ave

*2 Bedroom Mobile

*Rent = $675/mo

*Shed

4146 Arden Ave

*1,008 SF 2 Bedroom Home

*Shed

*Rent = $860/mo

*1,056 SF Shop (currently used by owner, but could be rented for $660/mo)



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