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1620 Kelby Dr 4 Unit Apartment Building $625,000 ($156,250/Unit) 3.50% Cap Rate Billings, MT 59105
EXECUTIVE SUMMARY
4 Unit Apartment Complex
For Sale Price Reduce to $625,000
3,808 SF Building
13,750 SF Lot
Zoned NX2
2 Bed, 1 Bath Units
4 Single Stall Garages
Central Boiler System
Electric Metered Separately
New Siding – 4 Years Old
New Hot Water Heater
Coin Opp Laundry
Located in Quiet Cul-De-Sac
For Sale Price Reduce to $625,000
3,808 SF Building
13,750 SF Lot
Zoned NX2
2 Bed, 1 Bath Units
4 Single Stall Garages
Central Boiler System
Electric Metered Separately
New Siding – 4 Years Old
New Hot Water Heater
Coin Opp Laundry
Located in Quiet Cul-De-Sac
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $625,000 | Apartment Style | Low-Rise |
| Price Per Unit | $156,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 3.50% | Building Size | 4,721 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | ||
| Zoning | NX2 | ||
| Price | $625,000 |
| Price Per Unit | $156,250 |
| Sale Type | Investment |
| Cap Rate | 3.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 4,721 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | NX2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 03-1033-15-4-03-03-0000 | Total Assessment | $479,000 (2025) |
| Land Assessment | $113,446 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $365,554 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
03-1033-15-4-03-03-0000
Land Assessment
$113,446 (2025)
Improvements Assessment
$365,554 (2025)
Total Assessment
$479,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1620 Kelby Dr
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