This 36-unit apartment complex, now under new management, offers an impressive 93% occupancy rate and potential for a desirable increase in Cap Rate, making it an excellent investment opportunity. The property comprises a mix of 3-bedroom/1-bath, 2-bedroom/1-bath, 1-bedroom/1-bath, and studio apartments across four 3-story buildings with 16 garages. Built in 2016 on 1.267 acres, these luxury units feature granite countertops, efficient hot water heating, wall AC units, and in-unit washers/dryers. The rental income is fabulous, providing a steady and attractive return on investment. Located in Sidney, MT, the county seat of Richland County, this property is strategically positioned near major employers and amenities. This complex not only provides high-quality living spaces but also represents a promising investment with its strong occupancy and growth potential under new management.
Call Burke Tyree at 406-453-2000, or your real estate professional.
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Location
800 3rd Street SW, Sidney, MT 59270
Status
Sold
Burke Tyree
TITLE
Broker | Owner | National Accreditation: ePro, PSA, GRI, ABR
"This complex not only provides high-quality living spaces but also represents a promising investment with its strong occupancy and growth potential under new management"
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