2-story Rental Conversion with Good Cash Flow

Location: Dillon, Montana

This is a 2-story house converted to rental apartments plus 4 rental garages.  There are four rental units in this property: one three-bedroom/1.5 bath unit, two one-bedroom/one bath units, and a studio.  The total living space is approximately 2,300 sq ft and includes a partial basement . The total lot size is 21,750 sq ft.  There are three buildings on this property: the house with the rental units, a carriage house which contains the rental garages, and a storage shed.  The garages in the carriage house rent for $30 per month each.

Units and Collectable Rents
Unit   Monthly Rent
3 bdr

$525

1 bdr $325
1 bdr $300
Studio $250
Garage $30

 

The house comes with many attractive features including natural wood trim, bay windows, hardwood floors, and linoleum kitchens.  Upgrades have also been made to the apartments - two of the units have new paint and new carpets. The house also has new exterior paint.  All units have storm windows and good insulation.  There are carports for tenant parking, and all staircases are interior.  The three-bedroom unit has separate laundry facilities, and there is room to install other laundry machines for potential additional income.

The property is in an established neighborhood with easy street access.  It is connected to city utilities, sewer, and gas.  The property is near downtown and transportation, and it's also near Western Montana College, which means there are always students looking for apartments to rent off-campus. Area is zoned commercial, so the property has other potential uses as well.  Owner will carry financing.



Price: $132,000.00


Interested?  More information is available upon request.
Please call us or email us:

Phone: 626-422-8062

Email: Stelle_montana@yahoo.com

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