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809 15th St

22 Unit Apartment Building $1,600,000 ($72,727/Unit) Fort Benton, MT 59442

Executive Summary

The Hagan Block Apartment Building is an 18 unit apartment building. It consists of 18 rentable units. 17 of which are fully remodeled. An additional 3 units downstairs are framed out and ready to go along with a massive loft unit on the 3'rd floor which is also framed out and ready to build. Once all units are complete there would be 22 rentable units. It would make a wonderful unit for an owner to live and manage the place or just use it for another rentable unit. There is also a large garage on the ground floor. New boilers, electrical, and most of the plumbing. One block away from the beautiful Missouri River. Fort Benton is one of Montana's most beautiful towns, home to the best fishing and hunting in the state. Coin-op laundry on site. Each unit has its own electrical meter. This building is meticulously maintained and cleaned by its property managers. With the 18 units rented The Hagan Block Apartment building generates $14,000 monthly. Rents are currently well below market. Potential for rental increases.
Owner contact : nicholasarodgers@gmail Cell: Call or Text : 406-696-2455

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $1,600,000
Price Per Unit $72,727
Sale Type Investment
Sale Conditions 1031 Exchange
No. Units 22
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.33 AC
Building Size 19,728 SF
Average Occupancy 95%
No. Stories 3
Year Built/Renovated 1893/2021
Parking Ratio 1.06/1,000 SF

Unit Amenities

  • Air Conditioning
  • Microwave
  • Heating
  • Refrigerator
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 14 - -
2+1 2 - -
3+1 1 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
19349823420110000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,469,900
  • Listing ID: 33927673

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 809 15th St, Fort Benton, MT 59442

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