10 Pike ST #10 & 12 Havre, MT 59501
2,394 SqFt
UPDATED:
09/30/2024 07:32 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,394 sqft
Price per Sqft $125
MLS Listing ID 30028847
Style Ranch
HOA Y/N No
Year Built 1948
Annual Tax Amount $2,749
Tax Year 2023
Lot Size 8,886 Sqft
Acres 0.204
Property Description
Seize this exceptional investment with a well maintained duplex, featuring a 4-bed, 1.75-bath unit and a 3-bed, 2-bath unit. Both units offer the convenience of a garage stall and off-street parking. With a strong rental history, this property currently generates a gross monthly income of $2,475.
Investment Highlights:
•High Demand Units:Spacious layouts with modern amenities appeal to a wide range of tenants.
•Tenant-Paid Utilities:Tenants pay water, sewer, gas, & electric, maximizing your net income.
•Owner Services:garbage, snow removal, and lawn care.
Financials:
•Annual Gross Income:$29,700
•Net Operating Income (NOI):$22,100
•CAP Rate:7.37%
•Cash on Cash Return:5.52% (30-year mort, 25% down, 7% int rate)
This duplex is a prime opportunity for investors seeking reliable returns and long-term value. Text/Call John Carlson at 406-390-1381, or your real estate professional today to schedule a viewing & secure this great investment. cap rate for this property is calculated with $3,000 annual taxes, $3,000 annual insurance, and $1600 annual lawn/snow removal expense
Cash on Cash Return calculated with a 30-year mortgage, 25% down payment, and 7% interest rate is approximately 5.52%.
Location
State MT
County Hill
Rooms
Basement None
Ensuite Laundry Washer Hookup, Main Level, In Unit
Interior
Laundry Location Washer Hookup,Main Level,In Unit
Heating Forced Air, Gas
Cooling Central Air
Fireplace No
Appliance Dishwasher, Range, Refrigerator
Laundry Washer Hookup, Main Level, In Unit
Exterior
Exterior Feature Storage
Garage Alley Access
Garage Spaces 2.0
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Separate Meters
Waterfront No
Water Access Desc Public
Roof Type Composition
Parking Type Alley Access
Building
Dwelling Type Duplex
Entry Level One and One Half
Foundation See Remarks
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One and One Half
New Construction No
Others
Senior Community No
Tax ID 12444108311090000
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Special Listing Condition Standard
Pets Description Cats OK, Dogs OK
