1218 8th Ave S - Apartments FOR SALE


Great Falls, MT 59405
$1,195,000 USD
406-868-0736
1218 8th Ave S, Great Falls, MT for Sale
$1,195,000 USD
Apartments - FOR SALE
1/41
null | 8.43% Cap Rate

1218 8th Ave S
Great Falls, MT 59405


OVERVIEW

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 8.22 Cap rate with room to grow, GOI is 128,261 & NOI is 100,751. 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 additional storage rms-future apt expansion and 5 off-street parking spots. 9 units are fully rehabbed with 3 needing further renovations & under market rent providing buyers with a great value-add & projected increase of additional income. Each unit separately metered for electric/gas. A full list of improvements is available & new electrical service/panels, cement work/grading, paint, kitchen cabinets, flooring, lighting, custom tile in baths, vanities, appliances, HVAC. Contact Dustin Young 406-868-0736 or your real estate professional!

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

12

PRICE/UNIT

$99,583

CAP RATE

8.43%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hillcrest

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

-

APN/PARCEL ID

02-3015-12-4-13-11-0000

ASK ABOUT THIS PROPERTY

Dustin YoungDustin Young and CompanyMore Info
406-868-0736

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Dustin YoungDustin Young and CompanyMore Info
406-868-0736

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