5 Unit Apartment Complex for Sale

*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

• https://cbcmontana.com/property/313-sheridan-ave-plentywood/