5 Unit Apartment Complex for Sale

313 Sheridan Ave Plentywood, MT 59254

313 Sheridan Ave, Plentywood, MT, 59254
313 Sheridan Ave, Plentywood, MT, 59254 313 Sheridan Ave, Plentywood, MT, 59254 313 Sheridan Ave, Plentywood, MT, 59254 313 Sheridan Ave, Plentywood, MT, 59254 313 Sheridan Ave, Plentywood, MT, 59254 313 Sheridan Ave, Plentywood, MT, 59254 313 Sheridan Ave, Plentywood, MT, 59254 313 Sheridan Ave, Plentywood, MT, 59254 313 Sheridan Ave, Plentywood, MT, 59254 313 Sheridan Ave, Plentywood, MT, 59254 313 Sheridan Ave, Plentywood, MT, 59254 313 Sheridan Ave, Plentywood, MT, 59254 313 Sheridan Ave, Plentywood, MT, 59254 313 Sheridan Ave, Plentywood, MT, 59254 313 Sheridan Ave, Plentywood, MT, 59254 313 Sheridan Ave, Plentywood, MT, 59254
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$199,000
Cap Rate:
0.00%
Last Verified:
Aug 23, 2023

*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.

Additional URLs

Map of 313 Sheridan Ave, Plentywood, MT, 59254

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.