921 6Th AveGreat Falls, MT 59401

Property Details for 921 6Th Ave

Year built

1908

Lot size

0.17 AC

Property size (Sq ft)

4,518 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a well-maintained, five-unit apartment building located at 921 6th Ave N in Great Falls, Montana. The property, built in 1908 and boasting a total of 4,518 square feet, sits on a 0.172-acre lot and is zoned R-9. Currently operating at 100% occupancy, this three-story building generates a substantial net operating income (NOI) of $2,465. The asking price is $525,000. Significant recent updates enhance the property's value and appeal, including new interior finishes in multiple units, updated kitchens and bathrooms in units 1 and 2, new appliances (90%), updated plumbing and electrical systems in units 1 and 2, and improvements in units 3, 4, and 5. Further upgrades include a new laundry room (2024) equipped with coin-operated washers and dryers, fresh exterior paint, a new rear staircase, new windows, a new metal roof on the rear of the building, and new gutters. Security cameras monitor common areas for added peace of mind. The property's strong rental income, coupled with the extensive recent renovations, makes this a compelling investment prospect in the thriving Great Falls market. The current monthly rent totals $4804. This is a turnkey operation ready for a new owner.

Location Insight

City

Great Falls

County

Cascade

State

Montana

Latitude

47.5121

Longitude

-111.291

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