940 Avenue B

940 Avenue B Billings MT,59102 

Property Highlights:

• 5-unit fully occupied multifamily property
• Desirable Mid-Town location with CMU1 zoning
• Units include:
  • Unit #1: 3 Bed, 2 Bath
  • Units #2-4: 2 Bed, 1 Bath
  • Unit #5 (Basement): 1 Bed, 1 Bath
• Quiet street with easy access to amenities and transportation
• Coin-operated laundry on-site for additional revenue
• Rents below market value, offering cash flow growth potential
• Four tenants on month-to-month agreements; ideal for immediate rent adjustments

Property Description:

940 Avenue B is an attractive 5-unit multifamily investment opportunity located in the heart of Mid-Town. Nestled on a quiet residential street, this property benefits from a prime location that offers both a serene neighborhood vibe and quick access to nearby conveniences, making it an appealing choice for tenants seeking both comfort and accessibility.

This well-maintained building features a versatile mix of apartment sizes to attract a broad range of renters. Unit #1 is the largest. It is a three-bedroom, two-bathroom suite perfect for families or roommates. Units #2 through #4 are two-bedroom, one-bathroom layouts that provide cozy yet spacious living options. Lastly, Unit #5 is a one-bedroom, one-bathroom basement suite that rounds out the property, ideal for individuals or couples seeking an efficient space in a desirable area.

Coin-operated laundry facilities are available on-site, generating additional income and adding convenience for tenants. Most leases are currently month-to-month, providing an immediate opportunity to adjust rents closer to market rates and significantly increase cash flow. With current rents below market value, there is a clear path for revenue growth, making this an excellent addition to any real estate investment portfolio.