7 Unit Property in Helena! This multi-family Victorian style property offers a solid investment opportunity. This well-maintained building blends historical charm with modern amenities, making it a unique option in the market for residents and a lucrative venture for investors. Property Highlights include a unit mix that attracts varying types of tenants, making the property more stable. Retaining its original Victorian architecture, the property exudes timeless elegance. Laundry on site and in a popular location. Cap Rate: With a cap rate of approximately 7.75%, this property promises a strong return on investment. The steady rental income, combined with its desirable location and unit mix, ensures consistent occupancy and profitability. Its blend of historic charm, modern amenities, and strong financial performance make it a rare find in the market. Don’t miss the chance to own a piece of Helena’s history while enjoying robust returns. MUST HAVE APPOINTMENTS TO SHOW! Pre approval letter will be required prior to showing the property. Please do not disturb tenants! Property is a good performer and has a long history of being occupied. The property has had many of the projects completed that a new buyer would consider, but still a few to keep you busy.
Mls | 30031868 |
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Listing Type | For Sale |
Style | Attachd |
Suite Number | 1 |
Subtype | Resale |
Status | Active |
Year | 1890 |
Days On Site | 123 |
Listing Provided By | Coldwell Banker Commercial Green & Green | Tyler D Warne |
Sq Feet | 4,978 |
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Garage | 2 |
Basement | Y |
Storys | 2 |
Units | 7 |
Zoning | Residential |
Acreage | 0.25 |
Property View | Yes |
State | MT |
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County | Lewis and Clark |
City | Helena |
Zip Code | 59601 |
Community Name | Syndicate Addn |
Listing VS Median (in Syndicate Addn) | |
Price: $645,000 low | high Med: $645,000 SqFt: 4,978 low | high Med: 4,978 $ / SqFt: $130 low | high Med: $130 On Site: 123 low | high Med: 123.000000 |