The 9 Sisters – 11-Unit Multifamily Investment Opportunity Professionally managed 11-unit multifamily property generating $11,800 in monthly gross rents. Unit mix includes (2) 3-bedroom units, (2) 1-bedroom units, and (7) 2-bedroom units. Two units have been recently updated; the remaining units are in average rental condition. Street parking available. Total annual income: $141,600; estimated annual expenses: $53,160; net operating income: $88,440. Reflecting a 7.1% cap rate. Fully occupied, offering immediate cash flow with potential for increased returns through further renovations and rent adjustments.
Zip: 59101
SQFT: 7608
Property Type: Multi-Family
Lot Size: 0.8035
Levels: 1
Office Name: Meridian Real Estate LLC
Year Built: 1912
Subdivision: Billings Original Townsite
Area: (04) South Billings
Status: Contingency
(Data provided by Gallatin-BigSky-BSC data)
MLS® # 402133
MLS® # 403212
MLS® # 403444