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About the Listing 345502738 - mt.345517239
A turnkey 20- Unit value-add opportunity for commercial investors and 1031 prospects. This 20-unit garden-style apartment complex presents immediate cash flow with upside through strategic renovations and stabilized NOI growth, supported by a growing regional housing demand and nearby commercial development. Current Gross Potential Rent (GPR): 19 x $1,050 = $19,950 per month Unit 206: $1,350 per month Total Monthly Gross Rent: $21,300 Annual Gross Revenue (current): $21,300 x 12 = $255,600 NOI (current): 0.65 x $255,600 = $165,660 Cap Rate: 5.25% 2-Year RenovationPlan (Proforma) Renovation Plan: Renovate all 20 units to the standard of Unit 206 Renovated Rent (all units): $1,600 per unit/month Projected Gross Revenue: 20 x $1,600 = $32,000 Annual Gross Revenue: $32,000 x 12 = $384,000 NOI (future): 0.65 x $384,000 = $249,600 Cap Rate Assumption: 5.25% Implied value based on NOI: Value = NOI / Cap Rate = $249,600 / 0.0525 ˜ $4,760,000
Listing Highlights
Status
Active
Days on Site
21
Property Type
Commercial Sale
MLS ®
30062075
Year Built
2013
Total Square Footage
16,450
Lot/Acreage
0.92
County
Richland
Building Name
Northview Apartments
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances: List Available
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $17,275
- Taxes w/Assessments: N/A
- Tax/Property ID: 27344429405060000
- Tax Year: 2025
Payment Calculator
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Questions About..
201 9th Ave NW Sidney, MT 59270
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