603 Washington St Miles City, MT 59301
Property Features for 603 Washington St
General Information
- Size
- 69,081 SF
Source:
Svn
Listing Agent: Megan Koontz
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Miles City Multifamily Investment Portfolio
Located in Miles City, Montana, the economic heart of Eastern Montana, this offering presents a property management business for sale. The portfolio includes 13 buildings totaling nearly 100 rental units. The local rental market demonstrates strength, with vacancy rates near 98% occupancy. This turnkey operation offers immediate cash flow and long-term growth potential. Miles City is situated along the Yellowstone River and serves as the economic and cultural hub of Eastern Montana. The town's location at the junction of Interstate 94 and Highway 12 makes it a vital corridor for transportation, commerce, and trade. Miles City's economy is diverse and resilient, anchored by cattle ranching, farming, energy, healthcare, and education. The Miles City Livestock Commission draws buyers from across the U.S. each year. The properties included in the investment portfolio are located at 603 Washington, 515 South 4th, 215 N. 6th, 319 North 4th, 106 North 6th St, 714 N. Cottage, 309 North 9th, 602 Palmer Street, 800 N Lake, 519 Palmer, 2709 Main Street, 115 N 7th Street, and 114 North 6th St. The property management company has contracts on 367 units, with additional assets of 13 buildings totaling 96 units, and an 8.24% cap rate. The property size is 69081 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Miles City
- County
- Custer
- State
- Montana
- Longitude
- -105.8529304
- Latitude
- 46.4102411
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Thriving property management business with nearly 100 units.
Where is this apartment building located?
The property is located at 603 Washington St Miles City, MT.
What is the asking price?
The asking price for this property is $7,395,000.
What are key features of this property?
This property features: - Turnkey property management business for sale, including 13 buildings totaling 96 rental units, offering immediate cash flow.; - Extremely strong rental market with approximately 98% occupancy rate, indicating reliable returns.; - Includes a property management company with contracts on 367 units, expanding the business's reach.