MLS # 30028885
1111 5th Street, Havre, MT 59501

MLS 30028885 $360,000

Excellent Investment Opportunity: Turnkey 4-Plex in Havre, MT Attention savvy investors! This exceptionally maintained 4-plex features four spacious 2-bed, 1-bath units(upper 2 units have central A/C), generating $3,250 in monthly rents. Each unit boasts a comfortable layout, with tenants paying gas/electric. The owner covers water, sewer, garbage, lawn service, and snow removal, providing an attractive living environment. Situated close to amenities, this property ensures high demand and low vacancy rates. Also, the vacant lot to the east is included with this property!! With a purchase price of $360,000, enjoy a cap rate of approximately 7.94% and a robust cash-on-cash return of about 8.22%. This property offers immediate cash flow and long-term appreciation potential. Text/Call John Carlson at 406-390-1381, or your real estate professional. today to schedule a viewing and secure this high-performing investment gem! CAP rate was calculated using the following information: Annual Gross Rental Income: \text{Annual Gross Rental Income} = \$3,250 \times 12 = \$39,000 Annual Expenses: • Taxes: $3,500 • Insurance: $3,500 • Water Bill: $1,300 • Landscaping: $1,500 • Snow Removal: $600 Cash on Cash was calculated using: 360,000 purchase price, 25% down payment & 7%

Contact

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

Architecture

Architectural Style: Other
Basement: Daylight
Building Area Source: Public Records
Building Area Total: 3786
Construction Materials: Masonite
Foundation Details: Poured
Garage Spaces: 0
Heating: Forced Air, Gas
Roof: Composition
Structure Type: Quadruplex
Year Built: 1971
Year Built Source: Public Records

Features / Amenities

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

Property Features

Laundry Features: Washer Hookup
Lot Size Acres: 0.139
Lot Size Source: Public Records
Lot Size Square Feet: 6055
Number Of Units Total: 4
Road Frontage Type: City Street
Road Surface Type: Asphalt

Utilities

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

Location

Directions: Address

Homeowner Association

Pets Allowed: Cats OK, Dogs OK

Legal and Taxes

Parcel Number: 12444109210010000
Tax Annual Amount: 3471.2
Tax Legal Description: PEPIN FIRST ADD, S09, T32 N, R16 E, BLOCK 010, PART OF LOTS 004 - 007 ANDPEPIN FIRST ADD, S09, T32 N, R16 E, BLOCK 010, Lot 004, PT OF LT 4 62.7 BY 64.10
Tax Year: 2023
Zoning Description: 2

Occupant Owner

Occupant Type: Tenant

Realtor

Property Sub Type: Quadruplex
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: John Carlson, Bullhook Real Estate LLC, Box 735, Havre, MT, 59501


Property Location
Free Daily Email

Be the First to Know! Sign up to receive our free daily email, it is great way to watch for the newest property listings. (Privacy Policy)

View email
Free Daily Email
text realestate
Follow Us

Go Country, a web site affiliated with and maintained by Northwest National Real Estate, features exceptional properties that are sorted by category, including country homes, recreation property, ranches, farms, vacant land, hotels, restaurants, rental income, RV and mobile home parks, and more.

View Go Country!

Free Daily Email
text realestate

Go Country, a web site affiliated with and maintained by Northwest National Real Estate features exceptional properties that are sorted by category, including country homes, commercial property, recreation property, ranches, farms, vacant land, hotels, restaurants, rental income, RV and mobile home parks and more.