For Sale
$479,900

383 Moccasin TrlBillings, MT 59105

Montana Duplex - 2 Units, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
116
This attractive Billings, Montana duplex presents a compelling investment opportunity. Located at 383 & 385 Moccasin Trail, this two-unit apartment building boasts 3,476 square feet of net rentable space, offering two spacious units, each featuring three bedrooms and one bathroom. Built in 1974 and extensively renovated in 2022, the property includes updated flooring, roof, siding, gutters, and garage doors. Each unit benefits from a single-car attached garage and enjoys excellent views from its deck. Currently operating at 100% occupancy (as of September 16, 2024), the property generates a strong net operating income (NOI) of $39,500, resulting in an attractive 8.23% cap rate. The asking price is $479,900, translating to $239,950 per unit and $138.06 per square foot. Situated in a convenient location near the airport, hospital corridor, and an elementary school, this property is ideal for owner-occupants seeking multi-generational living or investors seeking a stable, high-return investment. The property is zoned for neighborhood mixed use. The building consists of one, two-story structure. Past tenants have enjoyed long-term leases, indicating strong rental demand. This well-maintained property offers a rare combination of comfort, convenience, and exceptional investment potential. APN: 03-1033-28-3-22-10-0000.

Highlights

  • High tenant demand and historically long-term leases.
  • Recent capital improvements include new flooring, roof, siding, gutters, and garage doors.

Property Details for 383 Moccasin Trl

Property type
Apartment buildings
Square Feet
3,476 SF
Year Built/Renovated
1974/2022
Buildings
1
Stories
2
Units
2

Location Insight

City
Billings
County
Yellowstone
State
Montana
Latitude
45.8059007
Longitude
-108.5041594
383 Moccasin Trl, Billings, Montana

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383 Moccasin Trl
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