905 S Pearson Ave 24 Plex, Glendive, MT, 59330

905 S Pearson Ave 24 Plex Glendive, MT 59330

905 S Pearson Ave 24 Plex, Glendive, MT, 59330
905 S Pearson Ave 24 Plex, Glendive, MT, 59330
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$850,000
Last Verified:
Mar 04, 2019

Highlights

  • Three Building Complex Totalling 24 Units
  • Each building has 8 one bedroom apartments
  • Each unit has a living room, kitchen, bedroom, and full bathroom
  • Ample storage and closet space
  • Each unit has a furnace a window AC unit
  • Landlord pays utilities
  • Projected NOI for 2017 is approximately $70,000 which includes 10% for management

Description

Built in 1974, each building has a clean and convenient laundry facility for tenant use. Each has a large commercial gas fired
water heater. The buildings have membrane roofs in varying ages, the newest being 2013. Siding is low maintenance vinyl and
there has been recent exterior paint. There are a couple sheds on site for owner/manager’s maintenance equipment and supply
storage. Parking is more than adequate. Yard has an underground sprinkler system.

Prior to 2013 this property was subsidized and rent capped, but now it is free market. Rents have been raised (as noted above
there is likely room to go higher) and the owners have been more able to reinvest in the property, eliminating significant deferred
maintenance issues. From January 2013 – August 2017 capital improvements totaled more than $100,000.

For Sale is a 24 plex apartment complex comprised of three buildings with eight units each. It is located in South Glendive near Whipkey Park that has ballfields, playground, etc. And is close to Dawson Community College.


Year Built: 1974
Building Size: 15534.0sq ft
Lot Size: 1.1 acres

Map of 905 S Pearson Ave 24 Plex, Glendive, MT, 59330

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