info@jhrealestate.com
406.932.5000

S 305 32nd S STREET
Billings, MT 59101

$1,250,000.00

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MLS® #: 351932

Multi-Family

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.

7608 SQFT

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Features

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