921 E 4th St, Laurel Closed Multifamily

• sq ft 10658
• Property Type multifamily
• Brochure

Description

*11 unit multifamily property (9,146 SF)
*8 garages (1,512 SF)
*17,030 SF lot
*Zoned residential limited multifamily
*Currently professionally managed
*7.5% cap rate with management, 8.6% cap rate without management

Rent Roll:
Unit 1 – $650
Unit 2 – $499
Unit 4 – $550
Unit 5 – $550
Unit 6 – $550
Unit 7 – $550
Unit 8 – $525
Unit 9 – $549
Unit 10 – $649
Unit 11 – $549
Unit 12 – $545
Garage Income – $200/mo
Coin Opp Laundry – $44/mo
TOTAL INCOME = $6,410/mo

NOTE: Complete annual property operating data available upon request

921 E 4th St, Laurel is a 11 unit multifamily property provides affordable housing for the Laurel community and enjoys strong rental demand. Major employers in Laurel include Montana Rail Link and the Cenex Harvest States Refinery. This property is a nice opportunity for investors looking for passive income or a value-add opportunity with upside potential if light renovations are completed.

Brochure

Details

• Land Area: 17030

Location