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201 9th AVE NW Sidney, MT 59270
16,450 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 16,450 sqft
Price per Sqft $194
MLS Listing ID 30062075
HOA Y/N No
Year Built 2013
Annual Tax Amount $17,275
Tax Year 2025
Lot Size 0.918 Acres
Acres 0.918
Property Sub-Type Building
Property Description
A turnkey 20- Unit value-add opportunity for commercial investors and 1031 prospects. This 20-unit garden-style apartment complex presents immediate cash flow with upside through strategic renovations and stabilized NOI growth, supported by a growing regional housing demand and nearby commercial development.
Current Gross Potential Rent (GPR):
19 x $1,050 = $19,950 per month
Unit 206: $1,350 per month
Total Monthly Gross Rent: $21,300
Annual Gross Revenue (current): $21,300 x 12 = $255,600
NOI (current): 0.65 x $255,600 = $165,660
Cap Rate: 5.25%
2-Year RenovationPlan (Proforma)
Renovation Plan: Renovate all 20 units to the standard of Unit 206
Renovated Rent (all units): $1,600 per unit/month
Projected Gross Revenue: 20 x $1,600 = $32,000
Annual Gross Revenue: $32,000 x 12 = $384,000
NOI (future): 0.65 x $384,000 = $249,600
Cap Rate Assumption: 5.25%
Implied value based on NOI:
Value = NOI / Cap Rate = $249,600 / 0.0525 ˜ $4,760,000
Current Gross Potential Rent (GPR):
19 x $1,050 = $19,950 per month
Unit 206: $1,350 per month
Total Monthly Gross Rent: $21,300
Annual Gross Revenue (current): $21,300 x 12 = $255,600
NOI (current): 0.65 x $255,600 = $165,660
Cap Rate: 5.25%
2-Year RenovationPlan (Proforma)
Renovation Plan: Renovate all 20 units to the standard of Unit 206
Renovated Rent (all units): $1,600 per unit/month
Projected Gross Revenue: 20 x $1,600 = $32,000
Annual Gross Revenue: $32,000 x 12 = $384,000
NOI (future): 0.65 x $384,000 = $249,600
Cap Rate Assumption: 5.25%
Implied value based on NOI:
Value = NOI / Cap Rate = $249,600 / 0.0525 ˜ $4,760,000
Location
State MT
County Richland
Interior
Interior Features InteriorFeatures
Equipment List Available
Fireplace No
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available
Garage No
Building
Foundation Other
Others
Tax ID 27344429405060000
Security Features Smoke Detector(s)
Special Listing Condition Standard
Listed by Silvercreek Realty Group LLC - MT
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