500 20Th Ave Bozeman, MT 59718
- Dormitories
- 3,368 SF
Current Use by Public Records
- Wind And The Willows / Band
Property Details for 500 20Th Ave
- Year built
- 1976
- Property size
- 3,368 SF
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This well-maintained, two-story fourplex in Bozeman, Montana, presents a compelling investment opportunity. Located at 500 S 20th Ave, in the Kirk Subdivision, this 3,368 square foot property, built in 1976, offers four units: two three-bedroom units and two two-bedroom units. Each unit boasts private laundry and two dedicated off-street parking spaces. Recent upgrades include new flooring and, in some units, new windows. The property sits on a ground lease and is zoned R3. Approved condo documents allow for individual unit sales. Current rental rates are $1,800 for Units 1 & 3, and $1,600 for Units 2 & 4. The asking price is $1,175,000, or $293,750 per unit, representing a price per square foot of $348.87. Its proximity to Montana State University makes it ideal for student housing or a long-term rental investment. This property offers a blend of comfort, convenience, and strong income potential, making it an attractive addition to any investment portfolio. The property's location provides easy access to local amenities, shopping, dining, and entertainment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bozeman
- County
- Gallatin
- State
- Montana
- Longitude
- -111.064
- Latitude
- 45.6743
