PENDING Backups OK $399,000 MLS #217225
Fantastic opportunity to own a turn-key investment property at the western edge of downtown Bozeman. Attic, main floor, and basement apartments have fully separate entrances with separate gas/power metering. Super location with easy access to MSU, shopping and amenities. Three car carport has both alley access and driveway access off 11th. Tons of parking! Property sold in ‘as is’ condition. Legal non-conforming status in process of verification with City of Bozeman.
• Built in 1935
• Zoning instituted after property was already being used as a triplex – verified through Polk telephone directory.
• Original wood flooring in both attic and main floor apartments.
• 5.2% Cap Rate at $399K
• Leaded decorative glass windows on main.
• New roof 2012.
• New floor in basement bathroom 2016.
• Three car stall carport. Driveway connects 11th and alleyway and additional on street parking gives lots of parking options.
305 – attic apartment – comes with refrigerator, electric stove, washer, dryer. Heat in this unit is gas fired wall furnace. Month to month lease at $900/mo + electric/gas.
307 – main floor apartment – comes with refrigerator, electric stove, washer, dryer. Heat in this unit is gas fired furnace. Unit is located in basement. Long term lease (through July 2017) at $1275/mo + electric/gas.
307 ½ – basement apartment – comes with refrigerator, electric stove. Has washer/dryer hookups. Heat in this unit is electric baseboard heat. Windows are not egress. Electric wall heater in south bedroom is disconnected. Long term lease (through April 2017) at $700/mo + electric/gas.