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603 Washington St Miles City, MT 59301

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For Sale
$7,395,000

Thriving property management business with nearly 100 units.

Property size:
69,081 SF

Property Features for 603 Washington St

General Information

Size
69,081 SF

Source: Megan Koontz 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

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Miles City
County
Custer
State
Montana
Longitude
-105.8529304
Latitude
46.4102411

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.
More about this property
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