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$ 137,000
Est. payment | /mo
3 Beds
3 Baths
1,680 SqFt
$ 137,000
Est. payment | /mo
3 Beds
3 Baths
1,680 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,680 sqft
Price per Sqft $81
Bedrooms 3
Full Baths 3
Lot Size 6,678 Sqft
Property Description
Affordable Investment Property Creating Future Passive Income
Are you looking to start or add to your investment portfolio to create future passive income? This 3-Plex, located on a corner lot in Malta, Montana is an affordable option to consider. Fully rented and bringing in $1175/month, this property has very low vacancy rates and tenants who have been in place for 2+ years.
Shop And Parking, May Be Retained For Use By Owner for Boat/RV Storage
The south 1/2 of the city lot has been paved for off street tenant parking and is currently utilized by the current owner for storage, along with the 18' x 36' tin sided shop with concrete floor. The shop had heat and electricity at one time, but new meters would need to be installed for both to function now. A future owner could utilize the space as the current owner has, for his own work shop and boat storage!
Updated Furnace, Hot Water Heater and Laminate Flooring
Three separate gas meters and 3 separate electric meters allow the tenants to each pay their own utilities, however the water bill is covered by the owner at a rate of approximately $158/month. The 2 main floor units are heated by separate forced air furnaces, one installed as recently as 2021. The basement apartment is heated with an electric wall heater. Both upstairs units are cooled with window A/C units. Additional updates include a new hot water heater in 2023 and laminate flooring throughout both main floor apartments. All 3 units are rented and in livable condition currently, but a new owner may wish to consider new windows and roof in the future. Property Taxes for the 2022 year were $1447.32.
Are you looking to start or add to your investment portfolio to create future passive income? This 3-Plex, located on a corner lot in Malta, Montana is an affordable option to consider. Fully rented and bringing in $1175/month, this property has very low vacancy rates and tenants who have been in place for 2+ years.
Shop And Parking, May Be Retained For Use By Owner for Boat/RV Storage
The south 1/2 of the city lot has been paved for off street tenant parking and is currently utilized by the current owner for storage, along with the 18' x 36' tin sided shop with concrete floor. The shop had heat and electricity at one time, but new meters would need to be installed for both to function now. A future owner could utilize the space as the current owner has, for his own work shop and boat storage!
Updated Furnace, Hot Water Heater and Laminate Flooring
Three separate gas meters and 3 separate electric meters allow the tenants to each pay their own utilities, however the water bill is covered by the owner at a rate of approximately $158/month. The 2 main floor units are heated by separate forced air furnaces, one installed as recently as 2021. The basement apartment is heated with an electric wall heater. Both upstairs units are cooled with window A/C units. Additional updates include a new hot water heater in 2023 and laminate flooring throughout both main floor apartments. All 3 units are rented and in livable condition currently, but a new owner may wish to consider new windows and roof in the future. Property Taxes for the 2022 year were $1447.32.
Location
State MT
County Phillips
Listed by Carly Bishop • Northwest Realty and Auction
Nearby Locations
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