Lease · Billings, MT

420 Lordwith Drive Building C, Billings, MT 59102

$1,711,340 Active MLS® 358712 Lease
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ActiveMLS® 358712
$1,711,340
420 Lordwith Drive Building C, Billings, MT 59102
Bds 0 Ba 7,920 Sq.Ft. 0.1818 Ac
Description

8-unit, two-story brick multifamily offering all 2BR/1BA units, 100% occupied with a waitlist. Balanced unit mix with 4 renovated & 4 classic units creates a strong in-place income stream with clear upside. Classic units present a proven path to increased rents through interior updates, making this the most compelling value-add opportunity in the portfolio. Current income supports immediate cash flow, while future improvements allow for growth. Condo conversion has been approved, providing flexibility for a potential sell-off strategy or long-term hold. Located within a three-building offering, available individually or as part of the full portfolio. Positioned less than one mile from a major hospital development, supporting long-term rental demand. See listings for Building A (MLS #358656) and Building B (MLS #358710). Full portfolio listing available under MLS #358713.

Interior Features
  • Additional features
  • Utilities
  • Air conditioning Central Air
  • Basement description
  • Pool description
  • Outbuildings
  • Fence
  • Lot dimension 0.1818
  • Lot description Interior Lot, Landscaped
Exterior Features
  • Body of water
  • View
  • Pool
  • Pool description
  • Outbuildings
  • Fence
  • Lot dimension 0.1818
  • Lot description Interior Lot, Landscaped
  • Foundation
  • Exterior
  • Roofing materials Asphalt, Shingle
Location