MLS # 30008132
1216 8th Avenue S, Great Falls, MT 59405

MLS 30008132 $1,295,000

Updated, rehabbed, income generating and ready to go! This amazing 12 plex is as easy as closing and stepping into the management. No fuss, no muss, just buy and start collecting the income. Current CAP of 7.68 and a 22.79 Cash on Cash. $125,879 gross with 4 units being under-rented with a projected increase potential of additional annual gross. Annual expenses at $26,390 leaving a tidy $99,489 to add to your passive income stream. Buy down that interest rate and increase your Cash on Cash! Sounds like a STREAMING deal! 11 1 bedroom units and 1 2 bedroom unit, laundry income and very low vacancy. Each unit separately metered for electric and gas. MANY updates to include the electrical being updated. See the list of property improvements supplied in the documents. Let's get together and set an appointment to view your new passive income stream! Listed by Amber D. Corrow-Scott and Jamie Laabs.

Contact

Canyon Properties LLC
Cascade, Montana 59421
(406)-235-4081

Architecture

Architectural Style: Bungalow
Basement: Other
Building Area Source: Public Records
Building Area Total: 8000
Building Name: Hillcrest Apartments
Construction Materials: Brick, Frame
Entry Location: Exterior
Exterior Features: Courtyard
Foundation Details: Slab
Heating: Forced Air, Gas
Levels: One
Parking Features: Additional Parking, Assigned, Off Street, On Street
Property Condition: See Remarks
Roof: Rolled Hot Mop
Structure Type: Multi Family
Year Built: 1952
Year Built Source: Public Records

Features / Amenities

Appliances: Gas Oven, Gas Range, Refrigerator

Property Features

Laundry Features: Common Area, Coinoperated
Lot Size Acres: 0.344
Lot Size Source: Public Records
Lot Size Square Feet: 15000
Number Of Units Total: 12
View: Residential

Utilities

Sewer: Public Sewer
Utilities: Cable Available, High Speed Internet Available, Phone Available, Separate Meters
Water Source: Public

Location

Directions: Google Maps, you can't miss it.

Legal and Taxes

Parcel Number: 02301512413110000
Tax Annual Amount: 6655.69
Tax Legal Description: GREAT FALLS FIRST ADDITION, S12, T20 N, R03 E, BLOCK 492, Lot 005, LTS 5-6
Tax Year: 2022

Occupant Owner

Occupant Type: Tenant

Realtor

Property Sub Type: Apartment
Property Type: Residential Income

© 2023 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Listed By: Amber D Corrow-Scott, Fathom Realty, 115 Smelter Ave NE #104, Great Falls, MT, 59404


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