21 & 21 1/2 S 26th, Billings, MT

Multi-family for Sale - $500,000 - 3,000 Sq. Ft. on 7000 acres


Agent Info

Shaylee Green
Coldwell Banker Commercial CBS

Property Info

CIMLS#1156203
Location
  21 & 21 1/2 S 26th
  Billings MT 59101
UpdatedMarch 13th, 2024
TypeMulti-family
Price$500,000
Building3,000 Sq. Ft.
Land7000 acres

Property Description

11 Unit Boarding House and Apartment/Office Duplex

For Sale - $500,000

11 unit Boarding House - Shared bathroom areas, and furnished sleeping rooms. ( Bed, dresser, microwave, mattress )

9 units out of 11 leased for 5200 month - rents vary from $500-800 month 2 Vacant units All male tenant currently with several long term tenants 2 Bathrooms 2 Separate shower rooms Washer and Dryer - $1 each wash/dry ( $200 month variable ) Pop Machine - owner fills - $1 can Owner managed for $1000 month for around 10 hrs month minimal duties Built 1900, remodels over the years, lots within last 12 months CBD Zoning 2392 SF - 2 levels Apartment / Office Duplex

1 renter side great for possible manager Office side is for owner - could be converted Perks

Low income housing in high demand Food Hut conveys and was previously leased for small food company Food truck from Salvation army comes each day and they can get one free meal Landlocked neighbors may sell as well.


Financials