4130 - 4146 Arden Ave

4130 Arden Avenue, Billings, MT

$525,000

Price

10.21%

Cap Rate

$53,607

NOI

Overview
Cap Rate
10.21%
NOI
$53,607
Building Size
10,600 sqft
Lot Area
27,864 sqft
Zoning
Residential Manufactured Home
Description

*Multifamily property - 2 House & 7 Mobile Homes
*For Sale $525,000
*27,864 SF Lot
*Zoned Residential Manufactured Home
*City Water
*Septic Systems, but Sewer Lines are Stubbed in
*Monthly Income = $6,205
*NOI = $53,607 (3 Year Average)
*10.2% CAP Rate
*Owner has complete maintenance log available to prospective buyers

4130 Arden Ave
*6 qty 1960's and 1970's Mobiles
*Rent = $640-$685/mo

4140 Arden Ave
*816 SF 1 Bedroom Home w/ Carport
*Rent = $645/mo
*720 SF 3 Bay Garage (currently used by owner, but could be rented for $450/mo)

4142 Arden Ave
*2 Bedroom Mobile
*Rent = $675/mo
*Shed

4146 Arden Ave
*1,008 SF 2 Bedroom Home
*Shed
*Rent = $860/mo
*1,056 SF Shop (currently used by owner, but could be rented for $660/mo)

4130-4146 Arden Ave is a well taken care of multifamily property consisting of 2 houses, 7 mobiles, 2 sheds, 1 large garage and 1 shop space. With affordable rents, units are always occupied. This investment property also has good upside potential for a new owner if they rent out both the shop & garage space currently storing seller's personal items.

Documents
Title
4130_Arden_Ave_Brochure_2019.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.

Location
Gallery