2202 Lewis AveBillings, MT 59102

Property Details for 2202 Lewis Ave

Year built

1970

Property size (Sq ft)

6,480 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7804

Longitude

-108.572

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