201 9th Avenue NW, Sidney, MT 59270

$3,200,000 Active MLS® 30062075 Commercial
ActiveMLS® 30062075
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201 9th Avenue NW, Sidney, MT 59270 photo
Commercial
MLS® 30062075
$3,200,000
201 9th Avenue NW, Sidney, MT 59270
0.918 Acres 16,450 Sq.Ft. Built 2013
Description

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

Interior features
  • Utilities Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available
  • Lot dimension 0.918 Square Feet
Exterior features
  • Lot dimension 0.918 Square Feet
  • Foundation Other

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Location