Description
Investment and development potential or live in one and rent out the others! Property features an up/down duplex and very nice manufactured home on a permanent foundation. Upstairs duplex unit is 5 Bed/2Bath with bonus room. Downstairs unit is 2 Bed/1 Bath plus 1 bonus room. One bedroom does not have a legal egress. Duplex has a fenced back yard. 2002 manufactured home is a beautiful 3 Bed/2 Bath plus bonus on a permanent foundation. Manufactured home features newer flooring, beautiful cabinetry and an open floor plan. Seller also has complete plans for a 4-unit townhome development. Car port and heated garage with EV charging station. Paved driveway and lots of space for toys and trailers. Duplex had a new roof and roof insulation installed in 2021. Property is ideal for a contractor to be able to park equipment and work out of the heated garage. Estimated gross rent: $5300-$6300. Outstanding tenants! Downstairs tenants of the duplex pay $1,295/mo. and have a signed lease through August of 2023. They would like to continue to lease the unit. Upstairs tenant is a family member, M2M and currently paying below market rent. Manufactured home tenant is owner occupant (also M2M). Projected rent per unit: 5 bed/3 bath - $1995-$2395. 2 bed/1 bath, basement - $1495-$1895. 3 bed/2 bath, manufactured home - $1695-$1995. Projected rents have been provided by a local, established property management company. Heated garage and yard storage is also rented to owner's business for $1000/month. With mid-range projected rents, the cap rate of this property is 7.25%! Projected rents have been provided by a local, established property management company. Contact Paul Galvin at 406-550-1133 or KC Hart at 406-240-7000 or your real estate professional to schedule a showing.
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0BEDS
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1.24ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Investment and development potential or live in one and rent out the others! Property features an up/down duplex and very nice manufactured home on a permanent foundation. Upstairs duplex unit is 5 Bed/2Bath with bonus room. Downstairs unit is 2 Bed/1 Bath plus 1 bonus room. One bedroom does not have a legal egress. Duplex has a fenced back yard. 2002 manufactured home is a beautiful 3 Bed/2 Bath plus bonus on a permanent foundation. Manufactured home features newer flooring, beautiful cabinetry and an open floor plan. Seller also has complete plans for a 4-unit townhome development. Car port and heated garage with EV charging station. Paved driveway and lots of space for toys and trailers. Duplex had a new roof and roof insulation installed in 2021. Property is ideal for a contractor to be able to park equipment and work out of the heated garage. Estimated gross rent: $5300-$6300. Outstanding tenants! Downstairs tenants of the duplex pay $1,295/mo. and have a signed lease through August of 2023. They would like to continue to lease the unit. Upstairs tenant is a family member, M2M and currently paying below market rent. Manufactured home tenant is owner occupant (also M2M). Projected rent per unit: 5 bed/3 bath - $1995-$2395. 2 bed/1 bath, basement - $1495-$1895. 3 bed/2 bath, manufactured home - $1695-$1995. Projected rents have been provided by a local, established property management company. Heated garage and yard storage is also rented to owner's business for $1000/month. With mid-range projected rents, the cap rate of this property is 7.25%! Projected rents have been provided by a local, established property management company. Contact Paul Galvin at 406-550-1133 or KC Hart at 406-240-7000 or your real estate professional to schedule a showing.
© 2023 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data last updated: 2023-06-04T00:18:40.597.
