5A1 Stahl St - Stahl Street Multifamily Development 11.56 Acres of Residential Land Offered at $3,280,000 in Billings, MT 59106

Great multifamily investment opportunity in Billings, MT approved for 20 units per acre (about 230 total units)! Billings is the largest city in Montana with a 2020 population estimate of 117,116 persons. This represents a 6.2% increase over the 2015 estimate of 110,263 persons. Yellowstone County has a 2020 population estimate of 164,731, which represents a 4.9% increase over the 2015 estimate of 157,048 persons. The City’s economy is generally characterized as diverse. The Billings trade area includes 25 Montana counties and eight Wyoming counties and is considered one of the largest geographical trade areas in the nation. The Billings medical community consists of two major hospitals, several group practices, surgical groups, the Northern Rockies Regional Cancer Treatment Center and the South Central Montana Regional Mental Health Center. These facilities contribute to making Billings the largest major medical center between Spokane and Minneapolis and north of Denver. Billings has numerous options for colleges including the private Rocky Mountain College, the public Montana State University Billings, and medical college Rocky Vista University for Osteopathic Medicine. These options caters to around 6,000 students per year. Tourism and recreation also play an important role in Montana's economy. Billings' proximity to Yellowstone National Park, numerous ski resorts, and excellent hunting, fishing, camping and hiking opportunities make it a likely stop over point for the vacationer in this area. In summary, the City of Billings is a viable metropolitan area with a diverse economy and a history of healthy, sustained growth. The growing viability of the community as a retail and wholesale trade center, the continued growth in the local medical community, and ever increasing levels of tourism all contributed to predictions by the University of Montana's Bureau of Business and Economic Research that Billings and Yellowstone County will likely be among the leaders in the state in population and economic growth over the next decade. All info from 3rd party sources & deemed reliable. Info subject to change & not guaranteed or warranted. Buyer & buyer’s agent to verify all info.