Erich Gabriel
1st Realty--Your 1st Stop For Montana Real Estate!
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South Billings (Billings, Montana, US - 59101)
$179,900 +8% CAP!
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1st Realty


Erich Gabriel
 
Erich Gabriel
Email Erich
 
Phone: 406-839-9031
Cell: 406-8614490
 
Details

Address: 119-121 Monroe Street Type: Multifamily Style: Side-by-side with garages Bedrooms: 4 "2 each side" Bathrooms: 2 "1 Full Bath Each Side" Garage: Single, Attached "2 single garages" Basement: Yes, Full "Unfinished" Size: 3,360 sq. ft. "1680 per side (840 up, 840 down)" Lot Type: Rectangular Lot Size:  6250sq. ft.  n/a "R-6000 (Variance On File With Zonig)" Year Built: 1977 "Built for Owner-Occupant" Taxes: $1,493.00 (2011) Condo Fees: $0.00
 
Description

This is a 3,360-Square Foot Side-by-Side Duplex Built in 1978.
EACH UNIT: 2-BD, 1-Bath, Fireplace & Washer & Dryer Hook-ups on main level, Full Unfinished basement with a rough-in for bathroom, (1,680-Square Feet Total Per Side), Central A/C units, GFA Heating, 1-Car Garage, Fenced Yards, Off Street Parking.
Upgrades:
Unit 121: Water Heater 2010, Deck Stained 2011, Regular Property Maint (Has had same tenant for 7 Years - Currently Rented At $795/mo (Tenant pays gas & electric))
Unit 119: Interior Painted 2012, New Flooring 2012, New Counter Tops & Kitchen Sink 2012, Kitchen Cabinets Re-Varnished 2012, New Counter Top & Vanities in Bathroom 2012.
Exterior: Steel Roof Installed 2008, Exterior Painted 2008.
Price Till Friday: $179,000 With Up To $5000 For Closing Costs & An Additional $5000 For Interior Upgrades/lawn replacement To Unit 121.
Agent Owned.
Projected Rent For Unit 119 When Interior Updates Complete: $795-805/mo.
Now's The Time For An Owner-Occupant To Purchase (FHA, VA) and Move-in to the Vacant & Updated Side - before a 6-month lease would be in place.
**New owner can finish out basements to make each side a total of 3-4 Bedrooms & 2-Bathroom units.
**Let your lender know that the zoning variance for the duplex is on file with the zoning department (Lot size 6250-sf, Zoned R-6000)
 
Highlights

▪ $5000 Toward Closing Costs & $5000 Toward Cosmetic Upgrade Escrow @ Closing!
Agent Owned Side-By-Side Duplex. 		▪ Large Duplex with unfinished basements.
▪ Rents $795/side. Dependable CAP Rate Of Return! ▪ May Make For A Great Condo Conversion Project!
▪ NICE OWNER-OCCUPANT OPPORTUNITY

Features
Interior Features
▪ Carpeted Floors ▪ Fireplace
Heating
▪ Forced Air ▪ Natural Gas
Exterior Finish
▪ Masonite ▪ Wood
Sewer/Water Systems
▪ Public
Roof
▪ Metal
Lot Features
▪ Deck ▪ Fenced Yard ▪ Lawn
▪ Trees / Shrubs
Appliances
▪ Oven Range ▪ Refrigerator
Extra Features
▪ Cable Available ▪ Garage Door Opener
Cooling
▪ Central Air
P2#1856089

Information obtained from sources believed to be reliableand is deemed to be correct but not guaranteed. All interested parties to perform their own due diligence to their statisfaction.



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