7618 Leopard Ave, Billings, MT 59106

This exceptional investment opportunity presents a 3,996 square foot industrial property located at 7618 N Leopard Ave, Units 4, 5, and 6, in Billings, Montana, 59106. The property consists of three separate bays, each approximately 24' x 54', totaling 3,996 square feet within a single building situated in a gated subdivision. Each of the three units is currently leased for $800 per month, generating a total annual income of $28,800. The property boasts desirable features including 16-foot ceilings, concrete floors, gas hanging heaters, 12' x 14' insulated garage doors, man doors, and LED lighting. Each bay is equipped with one 240V 40 AMP outlet and ten 110V outlets. The building is stick-built construction. The property offers a strong 6.27% capitalization rate with a net operating income (NOI) of $23,500. This is a gross lease, meaning tenants are responsible for gas and electric. This multi-tenant property presents a compelling investment opportunity in a desirable Billings location. The property is zoned for flex, manufacturing, and warehouse uses.