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$ 3,500,000
Est. payment | /mo
14,485 SqFt
$ 3,500,000
Est. payment | /mo
14,485 SqFt
Key Details
Property Type Commercial
Sub Type Building/Land
Listing Status Active
Purchase Type For Sale
Square Footage 14,485 sqft
Price per Sqft $241
MLS Listing ID 30027215
HOA Y/N No
Year Built 1920
Annual Tax Amount $25,725
Tax Year 2023
Lot Size 2,962 Sqft
Acres 0.068
Property Description
Attention investors!! Welcome to The Colonial Apartments in Uptown Butte, MT. This historic building recently underwent a complete renovation, right down to the studs. The transformation is remarkable, and the property now stands as a modern masterpiece with a strong and stable rental history. It features a total of 18 units: 9 – studio units, 4- one bedroom units, 4 – two bedroom units, and 1 – three bedroom unit. In addition, residents can enjoy common areas and amenities such as a recreation room, a gym, and a laundry room. The current owner has chosen to rent two units as short-term rentals (Vrbo and Airbnb), these units are fully furnished for convenience and comfort. The remaining 16 units are currently leased as long-term rentals. Each unit has it’s own electric and natural gas meters allowing for tenants to pay these utilities. The Colonial Apartments is just one more example of the positive momentum in Uptown Butte. See the attached exterior and interior video. Financial information will be provided with an NDA approved by the Owner. If you are an investor in the market for a high-performing, turn-key property, reach out.
Location
State MT
County Silver Bow
Zoning C3
Interior
Fireplace No
Exterior
Waterfront No
Building
Foundation See Remarks
Others
Tax ID 01119713101220000
Special Listing Condition Standard
Listed by Century 21 Shea Realty - Butte
