420 Lordwith Drive Building C, Billings, MT 59102

$1,711,340 Active MLS® 358712 Lease
ActiveMLS® 358712
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420 Lordwith Drive Building C, Billings, MT 59102 photo
Lease
MLS® 358712
$1,711,340
420 Lordwith Drive Building C, Billings, MT 59102
0 Baths 0.182 Acres 7,920 Sq.Ft. Built 1959
Description

8-unit, two-story brick multifamily offering all 2BR/1BA units, 100% occupied with an active waitlist. Balanced unit mix with 4 renovated and 4 classic units creates a strong in-place income stream with clear upside. Classic units present a proven path to increased rents through interior updates, making this the most compelling value-add opportunity in the portfolio. Current income supports immediate cash flow, while future improvements allow for meaningful growth. Condo conversion has been approved, providing flexibility for a potential sell-off strategy or long-term hold. Located within a three-building offering at 420 Lordwith Drive, available individually or as part of the full portfolio. Positioned less than one mile from a major hospital development, supporting long-term rental demand.

Interior features
  • Air conditioning Central Air
  • Lot dimension 0.1818
  • Lot description Interior Lot, Landscaped
Exterior features
  • Lot dimension 0.1818
  • Lot description Interior Lot, Landscaped
  • Roofing materials Asphalt, Shingle

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Location