Fully leased 4-Plex in The Center of the City | 913 2nd Ave S
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Fully leased 4-Plex in The Center of the City 913 2nd Ave S
4 Unit Apartment Building $646,245 CAD ($161,561 CAD/Unit) 9% Cap Rate Great Falls, MT 59405
Investment Highlights
- long term tenants. No vacancy for 4 years
Executive Summary
Fully leased 4plex in central location of downtown Great Falls MT. Sold separately or in portfolio with another 4 plex 2 blocks away and a 4/2 sfr 5 blocks away. Some rents are below market due to very long term tenants.
2 spaces per unit directly behind property for tenant parking. New foundation in 2020.
Portfolio goes for $1,200,000 for all 3 investments.
2 spaces per unit directly behind property for tenant parking. New foundation in 2020.
Portfolio goes for $1,200,000 for all 3 investments.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $646,245 CAD | Apartment Style | Low Rise |
| Price Per Unit | $161,561 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 9% | Building Size | 1,431 SF |
| Sale Conditions | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2021 |
| Property Subtype | Apartment |
| Price | $646,245 CAD |
| Price Per Unit | $161,561 CAD |
| Sale Type | Investment |
| Cap Rate | 9% |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 1,431 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2021 |
Unit Amenities
- Air Conditioning
- Cable Ready
Site Amenities
- 24 Hour Access
1 of 1
Walk Score ®
Very Walkable (83)
zoning
| Zoning Code | SFR (Ru - Residential) |
| SFR (Ru - Residential) |
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Clydesdale Commercial
Fully leased 4-Plex in The Center of the City | 913 2nd Ave S
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