For Sale
$1,179,000

2202 Lewis Ave Billings, MT 59102

Six-unit apartment building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional six-unit apartment building, located at 2202 Lewis Ave in Billings, Montana, presents a compelling investment opportunity. The property consists of two buildings, each two stories high, totaling 6,480 square feet on a 12,965 square foot lot (APN: A02506). Built in 1970 and zoned NX2-Mixed Residential, this stabilized multifamily property boasts a mix of well-maintained two and three-bedroom units. Four of the six units have undergone recent remodeling and updates. Each building offers a convenient laundry room equipped with coin-operated washers and dryers for tenant use. The property features covered parking and benefits from recent upgrades, including new windows installed in 2018 and new roofs in 2015 and 2016. The current occupancy rate is 100%. The property is situated in a highly desirable neighborhood, just two blocks from 24th Street. Utilities are split between owner (gas and water) and tenant (electric) responsibilities. This turnkey investment offers strong potential for immediate cash flow and long-term appreciation. The asking price is $1,179,000.

Highlights

  • Six-unit multifamily property.
  • Covered parking available.
  • Two on-site laundry rooms.
  • New windows installed in 2018.
  • New roofs installed in 2016 and 2015.

Property Details for 2202 Lewis Ave

Property type
Apartment buildings
Square Feet
6,480 SF
Year Built
1970
Buildings
2
Stories
2
Units
6

Location Insight

City
Billings
County
Yellowstone
State
Montana
Latitude
45.7804467
Longitude
-108.5720457

FAQs

What type of property is this?
Apartment building - Six-unit apartment building, 100% occupied.
Where is the apartment building located?
The property is located at 2202 Lewis Ave Billings, MT.
What is the asking price?
The asking price for this property is $1,179,000.
What are key features of this property?
This property features: Six-unit multifamily property.; Covered parking available.; Two on-site laundry rooms.
How can I contact the broker?
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2202 Lewis Ave
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