1257 N 26th Street, Billings, MT 59101
- $499,000
- List Price
- $499,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 360976
- Subtype
- Residential
- Style
- Ranch
- Year Built
- 1947
- Lot Size
- 9,989
- Acres
- 0.23
- Subdivision
- Sunnyside
- MLS Area Major
- (06) Downtown
Property Description
Investment opportunity in an exceptionally well-located Billings 4-plex! Offered at $499,000 with $51,720 gross income and $38,775 net income, producing an approximate 7.75% cap rate. Located directly across from the new hospital development, and just steps from MSUB, this property is positioned for strong rental demand. All four units are side-by-side and completely step-free, offering convenient single-level living. Units have recently received tasteful facelifts including new paint, trim, and flooring as needed, while the exterior has also been freshly painted. Two units are furnished and leased to traveling professionals, while the other two are occupied by longer-term tenants currently paying slightly below-market rents, providing potential upside. A turnkey investment with excellent location, solid income, and room to grow.
Additional Information
- Taxes
- $2,082
- Property Description
- Ranch
- Heating
- Forced Air, Gas
- Air Conditioning
- None
- Stories
- 1
- Elementary School
- Mckinley
- Middle School
- Riverside
- High School
- Senior High
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Listing courtesy of John Goggins from The Goggins Company