Property summary
Exceptional investment opportunity awaits with the Sunland Apartments, a 36-unit Class A apartment complex in Sidney, Montana. This property boasts a remarkable 93% occupancy rate, offering immediate and substantial rental income. Built in 2016, the complex sits on 1.267 acres and comprises four two-story buildings, featuring a mix of studio, one-bedroom, two-bedroom, and three-bedroom units, each with one bathroom. Luxury amenities include granite countertops, efficient hot water heating, wall AC units, and in-unit washers and dryers. Sixteen garages are also available on the property. Strategically located in Sidney, Richland County, MT, near major employers and amenities, this complex provides high-quality living spaces and a promising return on investment. The asking price is $2,399,000, translating to approximately $66,638.89 per unit. The property's strong occupancy and potential for increased cap rate under new management make it an attractive proposition for discerning investors. This is a turnkey operation with significant upside potential. The property's location in the county seat of Richland County ensures convenient access to local services and a stable tenant base. The modern design and desirable amenities contribute to the high occupancy rate and strong rental demand. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a growing Montana market.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
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