South Billings (Billings, Montana, US - 59101)MLS ®$179,000 USDStrong Cap Rate Performer
Huge Side-By-Side
Huge Side-By-SideUnit: 121 MonroeStreet ViewBack/Side ViewBack View (121 Monroe)Covered DeckAnother View Of 121Single Car Garage119 MonroeKitchen (119)Kitchen (121)Living Room (121)Living Room (119)View From AlleyCentral A/C For Both Units11140914530427091105aBig Sky Bid Real Estate1st Realty"Exterior Up-Grades!"
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1st Realty1st RealtyErich GabrielErich Gabriel
Phone:406-839-9031
Cell:406-8614490
Fax:406-839-9033
Details
Address:119-121 Monroe StreetType:MultifamilyStyle:Duplex"Side-by-side with garages"Bedrooms:4"2 each side"Bathrooms:2"1 Full Bath Each Side"Garage:1, Attached"2 single garages"Basement:Yes"Unfinished"Size:3,360 sq. ft."1680 per side (840 up, 840 down)"Lot Type:RectangularLot Size:6,250 sq. ft."R-6000"Year Built:1977"Built for Owner-Occupant"Taxes:$1,427.00 USD (2007)MLS:192062
Description
Reduced TO $179000

Rents $725/side Starting Sept. 2009-->This makes the CAP Rate Go to +8.3%!

8.3% CAP Rate. Large Side-by-Side Duplex that offers Single car garage, full unfinished basements, fenced yards, A/C, GFA Furnace, Fireplaces, Offstreet Parking, Exterior Painted & New Metal Roof in 2007. Current Rents may be below market rate. One unit is currently Section 8.

Agent must be present. One tenant does have a dog. Tenants Pay Gas & Electric. Owner Pays Water, Ins., Taxes. May Make a great future "1st Time Affordable Home Buyer Condo Conversion Project". Or maybe a 4-plex???

Property is agent owned.

NOTICE: Offering is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding acreage, square feet, etc., are intended only as general guidelines and have been provided by sources deemed reliable, but not guaranteed. Prospective buyer(s) should verify all information to their satisfaction.
Highlights
Agent Owned Side-By-Side Duplex.Large Duplex with unfinished basements.
Rents $725/side Starting Sept. 2009-->This makes the CAP Rate Go to +8.3%!
Features
Interior Features
FireplaceCarpeted Floors
Heating
Natural GasForced Air
Exterior Finish
MasoniteWood
Sewer/Water Systems
Public
Roof
Metal
Lot Features
DeckFenced YardTrees / Shrubs
Lawn
Appliances
RefrigeratorOven Range
Extra Features
Cable AvailableGarage Door Opener
Cooling
Central Air
 
P2#1856089
Information is deemed to be correct but not guaranteed.