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Asking Price: $229,000

After Repair Value: $350,000

3511 And 3507 Montana Ave
Billings, MT 59101

Property Type: Multi-Unit

Beds: 6

Baths: 6

Sq Ft: 2800

ATTENTION Montana Investors! This Sale Includes 2 Properties w/ 1-SFR, 1-Triplex and 1-Duplex - 3507 and 3511 Montana Ave Totaling 6 Units - 3 Houses and one 1 car garage. Great location central to Billings downtown. All units have been updated in last 5-15 yrs.- Do need some repairs.
Lots are 3507 and 3511 Montana Ave. Current rents = $4587/mo
Taxes on both properties = 2092/yr - Landlord pays utilities = Avg 825/mo - ASKING $242,000 for both. ANALYSIS comes to: 12.3% ROI, 13.5 Cap Rate
EXPENSES INCLUDED for ALL units (please see photo of document): both props, closing costs, 10% property mngmnt, 15k for repairs (electric needs updated + unknown plus windows) 2% vacancy - 3% monthly repairs, and utilities. REPAIRS based on Rental Grade.
Sold "As Is"... Buyer pays close.
Recently painted exterior

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