$199,000 / 3592ft2 - 5 Unit Apartment Complex for Sale in Plentywood (Plentywood)

*313 Sheridan Ave, Plentywood, MT *5 Unit Apartment Complex for Sale *Price Reduced to $199,000 *3,592 SF Building *0.
318 Acres of Land *Built 1948/Remodeled 2010 *5 Units Rented @ $500/mo *Tenants Pay Electric *Currently NOI = $17,906/yr *Current Cap Rate = 9% *Room to Raise Rents to $600/mo *Pro Forma NOI = $23,906/yr *Pro Forma Cap Rate = 12% Well maintained 5 plex in Plentywood, MT for sale.
Currently 100% occupied with 3 units on the main floor and 2 in the basement.
Includes onsite laundry that is a free service to the tenants, but could be converted to coin-op.
Electrical and plumbing in 5 plex has been completely redone.
New roof in 2009.
Nathan Matelich, CCIM Coldwell Banker Commercial CBS M: 406.
781.
6889