$745,000
$799,950
6.9%For more information regarding the value of a property, please contact us for a free consultation.
6,185 Sqft Lot
SOLD DATE : 05/15/2024
Key Details
Sold Price $745,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 390223
Sold Date 05/15/24
Style Craftsman, Traditional
Year Built 1940
Annual Tax Amount $8,035
Tax Year 2023
Lot Size 6,185 Sqft
Acres 0.142
Property Sub-Type Multi Family
Property Description
Beautifully updated historic 6-plex a stone's throw from MT Tech Arch! Any closer to campus and this would be student housing! Perfect blend of original Craftsman details throughout including built-in hutches, natural wood trim and doors, and hardwood flooring combined with updated plumbing including sinks, toilets, tubs, and fixtures, updated wiring including new electrical service and main shutoff, unit breaker panels, lighting, kitchen and bath cabinets, counters, appliances, and vinyl windows. (5) 2-bed units and (1) 1-bed unit have either forced air or radiant boiler heat (3 all-new boiler systems in past 3 years) keeping tenants cozy in the winter. 3 units on main level have their own washers and dryers that are a huge bonus. The current owner has spent almost $200K in building-wide upgrades since 2021 to transform this property into a real jewel and a solid performer. 5 units remodeled on 1 yr leases with the 6th underway, proforma gross yearly income forecast at $72,000 soon (including 2 car detached garage.) Easy walk to campus and the walking trail with ample off-street parking close to everything Uptown Butte has to offer! You will be hard-pressed to find an apartment this close to campus with this much history and updating so don't wait!
Location
State MT
County Silver Bow
Area Butte And Surrounding Areas
Direction A stone's throw east of Montana Tech on the south side of Park Street
Interior
Heating Baseboard, Forced Air, Wall Furnace
Cooling None
Flooring Hardwood, Partially Carpeted
Fireplace No
Exterior
Parking Features Common, Garage
Utilities Available Natural Gas Available, Sewer Available, Water Available
Waterfront Description None
Water Access Desc Public
Street Surface Paved
Porch Balcony, Covered, Porch
Building
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Craftsman, Traditional
Level or Stories Two
Others
Tax ID 0000765700
Ownership Full
Acceptable Financing Cash, 3rd Party Financing
Listing Terms Cash, 3rd Party Financing
Financing 1031 Exchange
Special Listing Condition Standard
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