Remarks

Attention investors!! Welcome to The Colonial Apartments in Uptown Butte, MT. This historic building recently underwent a complete renovation, right down to the studs. The transformation is remarkable, and the property now stands as a modern masterpiece with a strong and stable rental history. It features a total of 18 units: 9 – studio units, 4- one bedroom units, 4 – two bedroom units, and 1 – three bedroom unit. In addition, residents can enjoy common areas and amenities such as a recreation room, a gym, and a laundry room. The current owner has chosen to rent two units as short-term rentals (Vrbo and Airbnb), these units are fully furnished for convenience and comfort. The remaining 16 units are currently leased as long-term rentals. Each unit has it’s own electric and natural gas meters allowing for tenants to pay these utilities. The Colonial Apartments is just one more example of the positive momentum in Uptown Butte. Financial information will be provided with an NDA approved by the Owner. See the attached exterior and interior video. If you are an investor in the market for a high-performing, turn-key property, reach out.

Details

MLS#: 392545
Price: $3,500,000

Style: Commercial Building
Year Built: 1920

County: Silver Bow
Tax Fee: 25725.00