$192.40 Per Sq Foot $4,214 est/mo Sourced by Back At You

505 And 515 S Virginia Street,Conrad, MT 59425

Conrad MT, 59425

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Description

Invest in a 12-unit apartment complex in Conrad, MT. There are four 2-bedroom units and eight 1-bedroom units. Seller has been tastefully remodeling units between tenants. Remodeling includes NEW high-end luxury vinyl plank flooring, some with carpet in bedrooms, new appliances, attractive lighting, hardware, bathroom vanities, paint and more. All units, including laundry room, 10 have permitted furnaces installed in 2022. Several units have new windows. The exterior was painted in 2023 and roof re-done. This a popular complex dubbed "Sunset Ranch." Ten of the units have outdoor backyard spaces. The laundry room has one washer and one dryer and adds additional revenue. Seller has been re-investing rental income into improving the units. Some new hot water heaters, some new plumbing and electric, but most electric is original. Pets not allowed. Low vacancy rate. Agent-owned and managed by property management firm. Call Lynn Kenyon at 406-770-0013 or your real estate professional. Complex is in close proximity to parks, pool and shopping. Parking lot is large enough to give each unit a parking space. Shed on site and laundry provides storage, too. Landlord pays all sewer, water and electricity ONLY to parking lot and laundry room. Many long-term tenants. One plants flowers in the spring. Lot has big old shade trees. Sprinkler system. Ten of the units have both a front and back entrance. Ten units have walk in closets. The two end units are smaller than the other ten. All units are full baths with bathtubs and showers. Tubs, themselves, are original but faucets, etc... are new. Fire extinguishers, CO2 and smoke alarms in each unit. Can't seller finance.

Details

MLS#30022417
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1946
Days On Site48
Listing Provided ByLive in Montana Real Estate | Lynn Kenyon

Features

SQ Feet4,080
Zoning1
Acreage0.54
Property ViewYes
The information is being provided by Montana Regional MLS. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Montana Regional MLS. All Rights Reserved.

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Listings Checked: 3 minutes ago
StateMT
CountyPondera
CityConrad
Zip Code59425
Listing VS Median (in 59425)
Price:
$785,000
low | high
Med:
$197,500
100% of Average
SqFt:
4,080
low | high
Med:
3,262
70.049019607843% of Average
$ / SqFt:
$192
low | high
Med:
$90
100% of Average
On Site:
48
low | high
Med:
239.500000
20.041753653445% of Average
Sourced by Back At You
Listing Updated: April 20, 2024 at 4:29:16 PM PDT