2601 Phyllis Ln Billings, MT 59102

Building Details

Year Built

1972

Listing agency NAI Business Properties b***@naibusinessproperties.com Show Phone

Listed by Brian McDonald · License #RRE-BRO-LIC-12627 Show Phone

Source Naiglobal

Added: Mar 6 Updated: Jul 6 at 10:37AM Checked: Jul 22 at 4:53AM

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Investment Insights

Based on property information with market context.

This multifamily property is located in the West End, off Monad Rd, and is within walking distance of shopping, restaurants, and businesses. The property contains 84 units, with a mix of 1, 2, and 3-bedroom configurations. Approximately 30 units are leased under Section 8. The property is currently fully occupied, demonstrating extremely low vacancy. On-site parking spaces are available. Mature landscaping surrounds the buildings. The property is adjacent to Stewart Park and is professionally managed. There is an opportunity for NOI improvement.

Key Highlights

• Extremely low vacancy, currently fully occupied
• Opportunity for NOI improvement due to below market rents
• 84 Units offer a great investment opportunity

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FAQs

What type of property is this?

Apartment building - Multifamily property in West End, near shopping and businesses.

Where is this apartment building located?

The property is located at 2601 Phyllis Ln Billings, MT.

What is the asking price?

The asking price for this property is $9,363,000.

What are key features of this property?

This property features: Extremely low vacancy, currently fully occupied; Opportunity for NOI improvement due to below market rents; 84 Units offer a great investment opportunity