701 N Montana Ave - Apartments FOR SALE


Miles City, MT 59301
$650,000 USD
406-570-8961
701 N Montana Ave, Miles City, MT for Sale
$650,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

701 N Montana Ave
Miles City, MT 59301


OVERVIEW

This 11-unit multi-family property is conveniently located close to downtown, offering easy access to amenities and public transportation. Residents will appreciate the abundance of off-street parking, a rare find in such a central location. Several of the units have been thoughtfully remodeled, providing updated interiors and added comfort. Additionally, a shared laundry room in the basement adds convenience for tenants. - Prime Location – Just minutes from downtown, offering easy access to shops, dining, and public transit. - Ample Parking – Generous off-street parking ensures convenience for all residents. - Updated Interiors – Several units have been tastefully remodeled, adding modern appeal and value. - On-Site Laundry – Shared laundry room in the basement adds everyday convenience for tenants. - Attractive 6% Cap Rate – Strong current return with significant upside potential. - High Value-Add Opportunity – Below-market rents present room for increased revenue with strategic improvements. - Proven Rent Upside – Recent renovations have successfully raised $425 units to $1,250 and $325 units to $700. - Strong Rent Potential – Estimated total monthly rent potential of $5,950+, with the addition of one more unit. - Expansion Possibilities – Situated on a large lot with room to grow or develop further. - Cash Flow Growth – Smart upgrades and rent repositioning can dramatically enhance returns..

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$67 USD /SF

# OF UNITS

11

PRICE/UNIT

$59,091

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

701 N Montana Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,330 SF

ZONING

2

APN/PARCEL ID

14-1740-28-4-21-01-0000

ASK ABOUT THIS PROPERTY

Todd ShermanColdwell Banker CBSMore Info
406-570-8961

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Todd ShermanColdwell Banker CBSMore Info
406-570-8961

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.