100 S Montana St - Apartments FOR SALE


Butte, MT 59701- Uptown Butte
$3,500,000 USD
406-723-5455
100 S Montana St, Butte, MT for Sale
$3,500,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

100 S Montana St
Butte, MT 59701
Uptown Butte


OVERVIEW

Attention investors!! Welcome to The Colonial Apartments in Uptown Butte, MT. This historic building recently underwent a complete renovation, right down to the studs. The transformation is remarkable, and the property now stands as a modern masterpiece with a strong and stable rental history. It features a total of 18 units: 9 - studio units, 4- one bedroom units, 4 - two bedroom units, and 1 - three bedroom unit. In addition, residents can enjoy common areas and amenities such as a recreation room, a gym, and a laundry room. The current owner has chosen to rent two units as short-term rentals (Vrbo and Airbnb), these units are fully furnished for convenience and comfort. The remaining 16 units are currently leased as long-term rentals. Each unit has it's own electric and natural gas meters allowing for tenants to pay these utilities. The Colonial Apartments is just one more example of the positive momentum in Uptown Butte. Financial information will be provided with an NDA approved by the Owner. If you are an investor in the market for a high-performing, turn-key property, reach out.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$242 USD /SF

# OF UNITS

18

PRICE/UNIT

$194,444

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Colonial Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C3

APN/PARCEL ID

01-1197-13-1-01-22-0000

ASK ABOUT THIS PROPERTY

Gary SheaCentury 21 Shea RealtyMore Info
406-723-5455

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Gary SheaCentury 21 Shea RealtyMore Info
406-723-5455

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