701 N Montana Ave, Miles City

This 11-unit multi-family property is conveniently located close to downtown, offering easy access to amenities and public transportation. Residents will appreciate the abundance of off-street parking, a rare find in such a central location. Several of the units have been thoughtfully remodeled, providing updated interiors and added comfort. Additionally, a shared laundry room in the basement adds convenience for tenants.

• Prime Location – Just minutes from downtown, offering easy access to shops, dining, and public transit.
• Ample Parking – Generous off-street parking ensures convenience for all residents.
• Updated Interiors – Several units have been tastefully remodeled, adding modern appeal and value.
• On-Site Laundry – Shared laundry room in the basement adds everyday convenience for tenants.
• Attractive 6% Cap Rate – Strong current return with significant upside potential.
• High Value-Add Opportunity – Below-market rents present room for increased revenue with strategic improvements.
• Proven Rent Upside – Recent renovations have successfully raised $425 units to $1,250 and $325 units to $700.
• Strong Rent Potential – Estimated total monthly rent potential of $5,950+, with the addition of one more unit.
• Expansion Possibilities – Situated on a large lot with room to grow or develop further.
• Cash Flow Growth – Smart upgrades and rent repositioning can dramatically enhance returns.