383 Moccasin Trl Billings, MT 59105

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.