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1920 Old Hardin Rd Billings, MT 59101

For Sale
$1,995,000

Two buildings with 13 units, new construction and remodeled.

Property size:
13,880 SF

Property Features for 1920 Old Hardin Rd

General Information

Size
13,880 SF

Building Details

Year built
2024

Source: Jake Hedge, CCIM Agent Jake Hedge, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Multifamily Investment Opportunity in Billings

This multifamily investment opportunity is located in the Billings area. The property includes a new construction 8-plex building, completed in 2024, with 9,016 square feet, and a 5-plex building, constructed in 1973 and remodeled in 2005, with 4,864 square feet. The property totals 13 units. Located on Old Hardin Road near Lockwood IGA, the property is recently stabilized and offers potential for rent increases as move-in special pricing concludes. The gross potential income is $215,400 with a 7.26% pro forma cap rate.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Kitchen & Bath Department Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Billings
County
Yellowstone
State
Montana
Longitude
-108.4361569
Latitude
45.8029171

FAQs

What type of property is this?
Apartment building - Two buildings with 13 units, new construction and remodeled.
Where is this apartment building located?
The property is located at 1920 Old Hardin Rd Billings, MT.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: - Brand new 8-Plex construction (2024) offering modern amenities and appeal.; - High Gross Potential Income of $215,400.; - Stabilized investment with potential for rent increases.
More about this property
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