921 6Th Ave Great Falls, MT 59401
- Apartment buildings
- 4,518 SF
- 0.17 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 921 6Th Ave
- Year built
- 1908
- Lot size
- 0.17 lot acres
- Property size
- 4,518 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a well-maintained, five-unit apartment building located at 921 6th Ave N in Great Falls, Montana. The property, built in 1908 and boasting a total of 4,518 square feet, sits on a 0.172-acre lot and is zoned R-9. Currently operating at 100% occupancy, this three-story building generates a substantial net operating income (NOI) of $2,465. The asking price is $525,000. Significant recent updates enhance the property's value and appeal, including new interior finishes in multiple units, updated kitchens and bathrooms in units 1 and 2, new appliances (90%), updated plumbing and electrical systems in units 1 and 2, and improvements in units 3, 4, and 5. Further upgrades include a new laundry room (2024) equipped with coin-operated washers and dryers, fresh exterior paint, a new rear staircase, new windows, a new metal roof on the rear of the building, and new gutters. Security cameras monitor common areas for added peace of mind. The property's strong rental income, coupled with the extensive recent renovations, makes this a compelling investment prospect in the thriving Great Falls market. The current monthly rent totals $4804. This is a turnkey operation ready for a new owner.
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
- Great Falls
- County
- Cascade
- State
- Montana
- Longitude
- -111.291
- Latitude
- 47.5121
