For Sale
$525,000

921 6Th AveGreat Falls, MT 59401

Five-unit apartment building, 100% occupied.

Overview

Added:
Feb 13
Days on market:
53
This exceptional investment opportunity presents a well-maintained, five-unit apartment building located at 921 6th Ave N in Great Falls, Montana. The property, built in 1908 and boasting a total of 4,518 square feet, sits on a 0.172-acre lot and is zoned R-9. Currently operating at 100% occupancy, this three-story building generates a substantial net operating income (NOI) of $2,465. The asking price is $525,000. Significant recent updates enhance the property's value and appeal, including new interior finishes in multiple units, updated kitchens and bathrooms in units 1 and 2, new appliances (90%), updated plumbing and electrical systems in units 1 and 2, and improvements in units 3, 4, and 5. Further upgrades include a new laundry room (2024) equipped with coin-operated washers and dryers, fresh exterior paint, a new rear staircase, new windows, a new metal roof on the rear of the building, and new gutters. Security cameras monitor common areas for added peace of mind. The property's strong rental income, coupled with the extensive recent renovations, makes this a compelling investment prospect in the thriving Great Falls market. The current monthly rent totals $4804. This is a turnkey operation ready for a new owner.

Highlights

  • $525,000 asking price for a five-unit apartment building.
  • 100% occupancy generating $2,465 in Net Operating Income (NOI).
  • 4,518 square feet on a 0.172-acre lot in Great Falls, Montana.
  • Three-story building constructed in 1908, with R-9 zoning.
  • Recent updates include new interior finishes, appliances, kitchen and bath remodels in two units, updated plumbing and electrical, security cameras, a new laundry room with coin-op machines, exterior paint, rear staircase, windows, and a metal roof.

Property Details for 921 6Th Ave

Property type
Apartment buildings
Square Feet
4,518 SF
Year Built
1908
Buildings
1
Stories
3
Lot Size (sq. ft)
7,492 SF
Units
5

Location Insight

City
Great Falls
County
Cascade
State
Montana
Latitude
47.5120836
Longitude
-111.2907925
921 6Th Ave, Great Falls, Montana

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921 6Th Ave
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