1216 8th Avenue S Great Falls, MT 59405
Listing Courtesy of: Montana Regional MLS / Fathom Realty

  1216 8th Avenue S Great Falls, MT 59405

Active (251 Days)
$1,195,000

Description

Exceptional 12-unit Investment Opportunity! Recently renovated w/amazing cash flow & super low vacancy. Turn-key property priced under 100K per unit! Achieving an impressive 8.36 Cap rate with room to grow, GOI is 128,015 & NOI is 100,505. Awesome curb appeal w/lg well-maintained lot, this mid-century garden style, 3-building structure offers 11-1 bds, 1–2 bd, separate coin-op laundry, 2 addit'l storage rms-future apt expansion?-& 5 off-street parking spots. 9 units are fully rehabbed w/3 needing further renovations & under market rent providing buyers with a great value-add & projected increase of addit'l income. Each unit separately metered for electric/gas. A full list of improvements is avail & incl new elec service/panels, cement work/grading, paint, kitchen cabinets, flooring, lighting, custom tile in baths, vanities, appliances, HVAC. Let’s discuss this rare opportunity & start collecting from your new passive income stream today! Listed by Amber D. Corrow-Scott and Jamie Laabs.

MLS #:
30023833
Taxes
$7,053(2023)
Lot Size
0.34 acres
Type
Multifamily
Building Name
Hillcrest Apartments
Year Built
1952
Style
Other
County
Cascade County

Listed By

Amber D Corrow-Scott, Fathom Realty
Source
Montana Regional MLS
Last checked May 8 2024 at 2:23 PM MDT
Bathroom Details
Interior Features
  • Refrigerator
  • Range
  • Laundry: Common Area
  • Laundry: Coin-Operated
Property Features
  • Foundation: Slab
Heating and Cooling
  • Gas
  • Forced Air
Exterior Features
  • Roof: Rubber
  • Roof: Rolled/Hot Mop
Utility Information
  • Utilities: Water Source: Public, Phone Available, Natural Gas Connected, Electricity Connected, Cable Available
  • Sewer: Public Sewer
Additional Listing Info
  • Buyer Brokerage Commission: 2.5
Location
   
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Disclaimer: This information is being provided by the Montana Regional MLS © 2024. The listings presented here may or may not be listed by the Broker/Agent operating this website. Updated: 5/8/24 07:23