MLS # 30023833
1216 8th Avenue S, Great Falls, MT 59405

MLS 30023833 $1,195,000

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.

Contact

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

Architecture

Architectural Style: Other
Building Area Source: Public Records
Building Area Total: 8000
Building Features: Storage
Building Name: Hillcrest Apartments
Construction Materials: Brick
Foundation Details: Slab
Garage Spaces: 0
Heating: Forced Air, Gas
Levels: One
Property Condition: See Remarks
Roof: Rubber, Rolled Hot Mop
Year Built: 1952
Year Built Source: Public Records

Features / Amenities

Appliances: Range, Refrigerator
Security Features: Carbon Monoxide Detectors, Smoke Detectors

Property Features

Laundry Features: Common Area, Coinoperated
Lot Size Acres: 0.344
Lot Size Source: Public Records
Lot Size Square Feet: 14985
Number Of Units Total: 12

Utilities

Sewer: Public Sewer
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available
Water Source: Public

Location

Directions: Google Maps

Homeowner Association

Pets Allowed: Cats OK, Dogs OK

Legal and Taxes

Parcel Number: 02301512413110000
Tax Annual Amount: 7053.08
Tax Legal Description: GREAT FALLS FIRST ADDITION, S12, T20 N, R03 E, BLOCK 492, Lot 005, LTS 5-6
Tax Year: 2023

Realtor

Property Sub Type: Apartment
Property Type: Residential Income

© 2024 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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