FULLY RENTED 5-UNIT APARTMENT COMPLEX FOR SALE IN MALTA, MT

306 South Central Avenue , Malta, Montana, 59538

Photos

Map

* FOR SALE

$325,000

MLS: 25008-04784

17,040 SqFt

7,680 SqFt

beds

baths

What You Should Know

  • Multifamily Apartment Complex

  • Fully Rented

  • New Roof in 2021

  • Handily Located near Downtown

  • Off-Street Tenant Parking

  • Property Manager in Place

  • Rentals in High-Demand

  • Low Maintenance Yard

Why You'll Love It

Fully Rented 5-Unit Apartment Complex for sale in Malta, Montana. Located within 1 block of the grocery store, post office, banks and downtown area, this multi-family housing unit is conveniently situated within walking distance to all local businesses.  Originally constructed in 1970, recent updates include a new metal roof, laminate flooring, carpet, sheetrock and paint, and the exterior is currently being updated with new siding.  Each of the 5 units measure approximately 768+/- square feet on the main floor, with 1 bedroom and 1 full bath. All the units have full basements, adding another 768+/- square feet, for a total of 1536+/- square feet per unit. 3 of the units have finished basements with additional “bonus” rooms and ¾ baths.  Each unit has its own laundry hook-ups and off-street parking is provided for tenants at the rear of the 111’ x 140’ corner city lot. Tenants pay their own heat (each unit has its own natural gas forced air furnace) and electricity (each unit has its own electric hot water heater.) Owner pays monthly city water/sewer/garbage bill.  Monthly rental income currently totals just over $3000/month and 2022 Property Taxes are $4021.93 A property manager is currently in place and is available to continue managing for the new owner if needed.

Where You'll Find It

  • Street Address: 306 South Central Avenue
  • City: Malta
  • State: Montana
  • County: Phillips

Map View

Video Tour

Carly Bishop

Managing Broker/Co-Owner