Investment Property for Sale at 1218 8th Avenue S in Great Falls, MT for $1,195,000

Listing data last changed 10/28/2024
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1218 8th Avenue S | Great Falls

$1,195,000

Exceptional 12-unit Investment Opportunity! Recently renovated w/amazing cash flow & super low vacancy. Turn-key property priced under 100K per unit! Achieving an impressive 8.22 Cap rate with room to grow, GOI is 128,261 & NOI is 100,751. Awesome curb appeal w/lg well-maintained lot, this mid-century garden style, 3-building structure offers 11-1 bds, 1–2 bd, separate coin-op laundry, 2 additional storage rms-future apt expansion & 5 off-street parking spots. 9 units are fully rehabbed w/ 3 needing further renovations & under market rent providing buyers with a great value-add & projected increase of additional income. Each unit separately metered for electric/gas. A full list of improvements is available & new electrical service/panels, cement work/grading, paint, kitchen cabinets, flooring, lighting, custom tile in baths, vanities, appliances, HVAC. Contact Dustin Young 406-868-0736 or your real estate professional! This building is locally managed by the owners and is very well maintained and managed. MTR 30035348

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MLS Listing ID: 
MTR 30035348
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,195,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
MultiFamily
Primary Market Area: 
Great Falls
Address: 
1218 8th Avenue S, Great Falls, MT 59405, US
County: 
Cascade
Latitude: 
47.4961200
Longitude: 
-111.2857830
Building Details
Details about the building on a property.
Architectural Style: 
Other
Year Built: 
1952
New Construction: 
0
Basement: 
None
Construction
Construction Materials: 
Brick
Foundation Details: 
Slab
Roof: 
Rubber, Rolled/Hot Mop
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air, Gas
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.34
Lot Size (Area): 
0.34
Waterfront: 
0
Lot Features
Garage: 
0
Public Record
Parcel Number: 
02301512413110000
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Dustin J Young
Listing Office Name: 
Dustin Young and Company