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About This Home
This 0-bedroom, 0-bathroom single family at 201 9th Avenue NW in Sidney, MT is listed for $3,200,000. Built in 2013, on a 0.92 acres lot.
A turnkey 20- Unit value-add opportunity for commercial investors and 1031 prospects. This 20-unit garden-style apartment complex presents immediate cash flow with upside through strategic renovations and stabilized NOI growth, supported by a growing regional housing demand and nearby commercial development.
Current Gross Potential Rent (GPR): 19 x $1,050 = $19,950 per month Unit 206: $1,350 per month Total Monthly Gross Rent: $21,300 Annual Gross Revenue (current): $21,300 x 12 = $255,600 NOI (current): 0.65 x $255,600 = $165,660 Cap Rate: 5.25% 2-Year RenovationPlan (Proforma) Renovation Plan: Renovate all 20 units to the standard of Unit 206 Renovat
ed Rent (all units): $1,600 per unit/month Projected Gross Revenue: 20 x $1,600 = $32,000 Annual Gross Revenue: $32,000 x 12 = $384,000 NOI (future): 0.65 x $384,000 = $249,600 Cap Rate Assumption: 5.25% Implied value based on NOI: Value = NOI / Cap Rate = $249,600 / 0.0525 $4,760,000
Key Features
- Built in 2013
- 0.92 acre lot
Property Details
Monthly Cost Estimate
$17,114/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
201 9th Avenue NW
Sidney, MT 59270
Questions & Answers
This 0-bedroom, 0-bathroom single family at 201 9th Avenue NW is listed at $3,200,000. The estimated monthly payment is $13,867 based on 20% down at 6.5% interest.
Key features include: Built in 2013, 0.92 acre lot.
This property is listed by Krista L Deacon and can be reached at 2088601650 or krista@silvercreekrealty.com.