Prairie Rentals

10-28-2019
01-11-2022

206 Prairie Ave, Baker, MT 59313

Located in area for families and close to commercial area, driveway parking, off street or on street parking. New CO2 line being installed, new solar farm being built soon, lots of construction coming to the area for great opportunities to be very successful. Also oilfields are picking up so looking like 2022 will be an even better year for investments. Oil predictions to hit $150 per barrel? Get in while the prices are low! 

Property Description

New build, utilities are very reasonable, very quiet neighbors, nice views, close to restaurants, shopping, post office, walking distance to lots. New upgrades, new paint, great investment property for new pipelines entering MT. Interested to make an offer. 7 unit 3 story apartment building over 1500sf of living 3 bedroom 3.5 bath, single car garage, quiet neighborhood close to downtown shopping, restaurants, walk to work, awesome living and great place to be. Fully occupied as of November 2021 85% occupied January 2022

Unit Mix

Description No. of Units Sq ft. Avg. Monthly Rent
3bed/3.5bath 7 1,534 $ 1,250

Key Property Information

Listing Status
Available
Multifamily type
Garden Style
Price
$ 949,900
No. of Units
7
Cap Rate
8%
Average Occupancy
100%
Year Built
2013
Building Size
10,740 Sq ft
Lot Size
14,000 Sq ft
No. of Stories
3
Opportunity Zone
Off
Price per unit
$ 135,700

Financial Details

Income/Expense Info
Pro Forma
Financial Year
2021
Gross Income
$ 100,000
Operating Expenses
$ 25,000
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