Commercial · Sidney, MT 59270
201 9th Avenue NW, Sidney, MT 59270
Sidney, MT 59270
$3,200,000
ActiveMLS® 30062075
A turnkey 20- Unit value-add opportunity for commercial investors and 1031 prospects. This 20-unit garden-style apartment complex presents immediate cash flow with upside through strategic renovations and stabilized NOI growth, supported by a growing regional housing demand and nearby commercial development. Current Gross Potential Rent (GPR): 19 x $1,050 = $19,950 per month Unit 206: $1,350 per month Total Monthly Gross Rent: $21,300 Annual Gross Revenue (current): $21,300 x 12 = $255,600 NOI (current): 0.65 x $255,600 = $165,660 Cap Rate: 5.25% 2-Year RenovationPlan (Proforma) Renovation Plan: Renovate all 20 units to the standard of Unit 206 Renovated Rent (all units): $1,600 per unit/month Projected Gross Revenue: 20 x $1,600 = $32,000 Annual Gross Revenue: $32,000 x 12 = $384,000 NOI (future): 0.65 x $384,000 = $249,600 Cap Rate Assumption: 5.25% Implied value based on NOI: Value = NOI / Cap Rate = $249,600 / 0.0525 ˜ $4,760,000
Exterior and Construction
- Construction Other
Utilities
- Utilities Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available
Land and Lot
- Lot size 0.918 acres (39,988 sq ft)
Location and Zoning
- County Richland
- Zoning Lot 6, Block 2, of the Northview Subdivision, according to the official map or plat thereof on file and of record in the office of the Clerk and Recorder of Richland County, Montana, as Document No. 570618 and commonly known as 201 9th Ave NW, Sidney, Montana 59270, 27344429405060000
Schools
- School District Sidney High School District
Tax and Legal
- Annual tax $17,275.13
- Tax year 2025
- Parcel number 27344429405060000
- Legal description Lot 6, Block 2, of the Northview Subdivision, according to the official map or plat thereof on file and of record in the office of the Clerk and Recorder of Richland County, Montana, as Document No. 570618 and commonly known as 201 9th Ave NW, Sidney, Montana 59270
Listing Information
- Listing Agent
- Krista L Deacon
- Listing Office
- Silvercreek Realty Group, LLC
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