Multi Family Home · Billings, MT

1257 N 26th Street, Billings, MT 59101

$499,000 Active Under Contract MLS® 360976 Multi Family Home
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Active Under ContractMLS® 360976
$499,000
1257 N 26th Street, Billings, MT 59101
Bds 0 Ba 0 Sq.Ft. 0.2293 Ac
Description

Investment opportunity in an exceptionally well-located Billings 4-plex! Offered at $499,000 with $51,720 gross income and $38,775 net income, producing an approximate 7.75% cap rate. Located directly across from the new hospital development, and just steps from MSUB, this property is positioned for strong rental demand. All four units are side-by-side and completely step-free, offering convenient single-level living. Units have recently received tasteful facelifts including new paint, trim, and flooring as needed, while the exterior has also been freshly painted. Two units are furnished and leased to traveling professionals, while the other two are occupied by longer-term tenants currently paying slightly below-market rents, providing potential upside. A turnkey investment with excellent location, solid income, and room to grow.

Interior Features
  • Additional features
  • Utilities
  • Air conditioning None
  • Basement description
  • Pool description
  • Outbuildings
  • Fence
  • Lot dimension 0.2293
  • Lot description Cul-De-Sac
Exterior Features
  • Body of water
  • View
  • Pool
  • Pool description
  • Outbuildings
  • Fence
  • Lot dimension 0.2293
  • Lot description Cul-De-Sac
  • Foundation
  • Exterior
  • Roofing materials Asphalt, Shingle
Location