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201 9th Avenue NWSidney, MT 59270

Richland County

$3,200,000List price
16,450Sq Ft
2013Year built
0.92Acre lot
9 months agoOn market

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

Property Information

Property type
Commercial Sale
Year built
2013
Building area
16,450 Sq Ft
Lot size
0.92 acres
Days on market
298
MLS® Listing#
30062075

Property Features

Interior
High Speed Internet
Foundation
Other
Security
Smoke Detector(s)
Utilities
Cable Available · Electricity Available · Natural Gas Available · Phone Available

Financial Details

Annual taxes
$17,275Tax year 2025
Parcel number
27344429405060000

Directions

Please refer to Google and/or Apple maps.

Listing Courtesy: Silvercreek Realty Group, LLC - 2083770422

Presented by: Krista L Deacon

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Montana Regional MLS (MRMLS). IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than EXIT Realty, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2026 Montana Regional MLS. All Rights Reserved.

Last Updated: 2025-12-19

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