$2,000,000
$2,399,000
16.6%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/13/2025
Key Details
Sold Price $2,000,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 30031611
Sold Date 04/13/25
Style Modern
HOA Y/N No
Annual Tax Amount $25,482
Tax Year 2023
Property Sub-Type Apartment
Property Description
This 36-unit apartment complex, now under new management, offers an impressive 93% occupancy rate and potential for a desirable increase in Cap Rate, making it an excellent investment opportunity. The property comprises a mix of 3-bedroom/1-bath, 2-bedroom/1-bath, 1-bedroom/1-bath, and studio apartments across four 3-story buildings with 16 garages. Built in 2016 on 1.267 acres, these luxury units feature granite countertops, efficient hot water heating, wall AC units, and in-unit washers/dryers. The rental income is fabulous, providing a steady and attractive return on investment.
Located in Sidney, MT, the county seat of Richland County, this property is strategically positioned near major employers and amenities. This complex not only provides high-quality living spaces but also represents a promising investment with its strong occupancy and growth potential under new management.
Call Burke Tyree at 406-453-2000, or your real estate professional.
Location
State MT
County Richland
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Garage Spaces 16.0
Garage Yes
Building
Foundation Slab
Architectural Style Modern
New Construction No
Others
Senior Community No
Tax ID 27344429405070000
Financing Conventional
Special Listing Condition Standard
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