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The Place at North 24th 3 Multifamily Properties Offered at $3,950,000 in Billings, MT
EXECUTIVE SUMMARY
The Place at North 24th is located in the heart of downtown Billings on North 24th Street between 2nd Avenue North and 1st Avenue North. The apartment building offers 1 bedroom - 1 bathroom units and studio - 1 bathroom units with street parking. A common laundry facility with electronic pay is available to tenants. Units have heat. The heat source is gas. Tenant sets up electricity. There is a utility charge for gas, water, sewer and trash.
TAXES & OPERATING EXPENSES (PRO FORMA - 2025) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $3,950,000 | Number of Properties | 3 |
| Price / SF | $112.52 / SF | Individually For Sale | 0 |
| Cap Rate | 6.32% | Total Building Size | 35,104 SF |
| Sale Type | Investment | Total Land Area | 0.56 AC |
| Status | Active |
| Price | $3,950,000 |
| Price / SF | $112.52 / SF |
| Cap Rate | 6.32% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 35,104 SF |
| Total Land Area | 0.56 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 120 N 24th St, Billings, MT 59101 | Multifamily | 16,819 SF | 1975 | - |
|
The Place at North 24th
124 N 24th St, Billings, MT 59101 |
Multifamily | 12,725 SF | 1985 | - |
| 118 N 24th St, Billings, MT 59101 | Multifamily | 5,560 SF | 1940 | - |
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The Place at North 24th
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