For Sale
$799,000

315 Washington StButte, MT 59701

Uptown Butte, renovated multifamily

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a stabilized, income-producing multifamily property located in Uptown Butte, Montana. The property consists of two buildings totaling four units: a charming two-story brick triplex and a detached single-family home. Extensive renovations were completed in 2020, modernizing systems throughout. The triplex features two 3-bedroom, 1.5-bathroom units and one 2-bedroom, 1-bathroom unit. The single-family home offers 2 bedrooms and 1 bathroom. Each unit includes in-unit laundry facilities. All four units are currently rented, generating an annual gross rental income of $61,500. Tenants are responsible for their own electric and natural gas utilities. The property sits on a 3,964 square foot lot and is zoned R-2. Built in 1900, this property offers a blend of historic charm and modern updates, making it a turnkey investment with a strong rental history and a pro-forma cap rate of 6.05% and a pro-forma NOI of $48,350. The asking price is $799,000. This is a rare opportunity to acquire a well-maintained, income-generating property in a desirable location. The property's APN is 0000865800.

Property Details for 315 Washington St

Property type
Apartment buildings
Year Built/Renovated
1900/2020
Buildings
2

Location Insight

City
Butte
County
Silver Bow
State
Montana
Latitude
46.009374341047
Longitude
-112.54192445122
315 Washington St, Butte, Montana

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315 Washington St
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