642 Silver StButte, MT 59701

Property Details for 642 Silver St

Property size (Sq ft)

4,830 SF

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional four-unit apartment building in Butte, Montana, presents a lucrative investment opportunity. Located at 642 W Silver, this property boasts 4,830 square feet on a 4,008 square foot lot. The asking price is $550,000. Currently generating $70,000 in gross annual rents, this property offers an 8% cap rate if self-managed. Its strong track record includes successful short-term rentals (1-6 months), catering to traveling healthcare professionals and others. The convenient location near St. James Hospital and Montana Tech University ensures high occupancy rates. The well-maintained building features furnished units, with all furnishings included in the sale. This turnkey operation includes the building and the established business, providing immediate income potential. The property's zip code is 59701. This is a rare chance to acquire a profitable, established multifamily property in a desirable Montana location. The property is classified as both multifamily and commercial, and is further categorized as a duplex/triplex/quadruplex.

Location Insight

City

Butte

County

MT

State

Montana

Latitude

46.0099

Longitude

-112.546

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