Property Description
Price adjusted and rent increases coming October, projected to provide a 6.39% cap rate, with additional upside potential through further rent increases, as market conditions allow! Completed in 2019, this newer construction fourplex presents a rare opportunity to acquire a low maintenance multifamily asset with immediate income and future upside potential. Designed with tenant retention and operational efficiency in mind, each unit offers attractive finishes, functional floor plans, in unit laundry, PTAC air conditioning, and detached garages with automatic openers.
The property has historically maintained low to virtually no vacancy and offers immediate income stability with all units leased. Current rents remain below prevailing market rates, providing investors the opportunity to increase future cash flow and net operating income over time.
Owner expenses remain low with all Northwestern Energy electric service individually metered to tenants. Established landscaping and underground sprinklers further reduce maintenance demands, while a neighboring tenant currently provides lawn care and snow removal for walkways at a nominal cost, an arrangement that may be available to continue following closing.
Lease agreements, financial information, pro formas, and additional due diligence materials are available for qualified buyers. Opportunities to acquire a newer fourplex with strong occupancy history, low operating costs, and built in rental upside at this price point rarely come available. Whether you plan to self manage or utilize professional management services, this property offers the operational simplicity and efficiencies investors seek in today's market.
Back on market at absolutely no fault of the property!
Property Details 1709-1715 Euclid Avenue, Helena, MT 59601
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Estimated Monthly Mortgage Calculator
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