806 3rd St NW - Apartments FOR SALE


Sidney, MT 59270
$2,399,000 USD
406-453-2000
806 3rd St NW, Sidney, MT for Sale
$2,399,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

806 3rd St NW
Sidney, MT 59270


OVERVIEW

This 36-unit apartment complex, now under new management, offers an impressive 93% occupancy rate and potential for a desirable increase in Cap Rate, making it an excellent investment opportunity. The property comprises a mix of 3-bedroom/1-bath, 2-bedroom/1-bath, 1-bedroom/1-bath, and studio apartments across four 3-story buildings with 16 garages. Built in 2016 on 1.267 acres, these luxury units feature granite countertops, efficient hot water heating, wall AC units, and in-unit washers/dryers. The rental income is fabulous, providing a steady and attractive return on investment. Located in Sidney, MT, the county seat of Richland County, this property is strategically positioned near major employers and amenities. This complex not only provides high-quality living spaces but also represents a promising investment with its strong occupancy and growth potential under new management. Call Burke Tyree , or your real estate professional.

FOR SALE DETAILS

PRICE

$2,399,000 USD

PRICE/SF

$43 USD /SF

# OF UNITS

36

PRICE/UNIT

$66,639

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,561 SF

ZONING

B1

APN/PARCEL ID

27-3444-29-4-05-07-0000

ASK ABOUT THIS PROPERTY

Burke TyreeTyree Real Estate, Inc.More Info
406-453-2000

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Burke TyreeTyree Real Estate, Inc.More Info
406-453-2000

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