For Sale
$2,399,000

800 3Rd St Sidney, MT 59270

36-Unit Apartment Complex, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
137
Exceptional investment opportunity awaits with the Sunland Apartments, a 36-unit Class A apartment complex in Sidney, Montana. This property boasts a remarkable 93% occupancy rate, offering immediate and substantial rental income. Built in 2016, the complex sits on 1.267 acres and comprises four two-story buildings, featuring a mix of studio, one-bedroom, two-bedroom, and three-bedroom units, each with one bathroom. Luxury amenities include granite countertops, efficient hot water heating, wall AC units, and in-unit washers and dryers. Sixteen garages are also available on the property. Strategically located in Sidney, Richland County, MT, near major employers and amenities, this complex provides high-quality living spaces and a promising return on investment. The asking price is $2,399,000, translating to approximately $66,638.89 per unit. The property's strong occupancy and potential for increased cap rate under new management make it an attractive proposition for discerning investors. This is a turnkey operation with significant upside potential. The property's location in the county seat of Richland County ensures convenient access to local services and a stable tenant base. The modern design and desirable amenities contribute to the high occupancy rate and strong rental demand. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a growing Montana market.

Highlights

  • $2,399,000 asking price for a Class A multifamily investment.
  • 36-unit apartment building with 93% occupancy.
  • Four, two-story buildings totaling 36 units, including a mix of studio, one-, two-, and three-bedroom apartments.
  • 16 garages included.
  • Built in 2016 on a 1.267-acre lot in Sidney, Montana.
  • Luxury units featuring granite countertops, efficient hot water heating, wall AC units, and in-unit washers/dryers.

Property Details for 800 3Rd St

Property type
Apartment buildings
Class
A
Buildings
4
Stories
2
Units
36

Location Insight

City
Sidney
County
Richland
State
Montana
Latitude
47.714959190155
Longitude
-104.16640071009

FAQs

What type of property is this?
Apartment building - 36-Unit Apartment Complex, High Occupancy
Where is the apartment building located?
The property is located at 800 3Rd St Sidney, MT.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: $2,399,000 asking price for a Class A multifamily investment.; 36-unit apartment building with 93% occupancy.; Four, two-story buildings totaling 36 units, including a mix of studio, one-, two-, and three-bedroom apartments.
How can I contact the broker?
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800 3Rd St
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