Hillcrest | 1218 8th Ave S
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Hillcrest 1218 8th Ave S
12 Unit Block of Flats £950,527 (£79,211/Unit) 8.43% Net Initial Yield Great Falls, MT 59405
Executive Summary
Exceptional 12-unit Investment Opportunity! Recently renovated w/amazing cash flow & super low vacancy. Turn-key property priced under 100K per unit! Achieving an impressive 8.22 Cap rate with room to grow, GOI is 128,261 & NOI is 100,751. Awesome curb appeal w/lg well-maintained lot, this mid-century garden style, 3-building structure offers 11-1 bds, 1–2 bd, separate coin-op laundry, 2 additional storage rms-future apt expansion and 5 off-street parking spots. 9 units are fully rehabbed with 3 needing further renovations & under market rent providing buyers with a great value-add & projected increase of additional income. Each unit separately metered for electric/gas. A full list of improvements is available & new electrical service/panels, cement work/grading, paint, kitchen cabinets, flooring, lighting, custom tile in baths, vanities, appliances, HVAC. Contact Dustin Young 406-868-0736 or your real estate professional!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Ceiling Fans
- Tile Floors
- Kitchen
- Wooden Floors
- Range
- Tub/Shower
- Dining Room
Site Amenities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 11 | £656.22 | - |
| 2+1 | 1 | £831.21 | - |
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PROPERTY TAXES
| Parcel Number | 02-3015-12-4-13-11-0000 | Improvements Assessment | £0 (2024) |
| Land Assessment | £0 (2024) | Total Assessment | £532,216 (2024) |
PROPERTY TAXES
Parcel Number
02-3015-12-4-13-11-0000
Land Assessment
£0 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£532,216 (2024)
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Dustin Young and Company
Hillcrest | 1218 8th Ave S
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