940 Avenue B 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.