940 Avenue B Billings MT, 59102

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940 Avenue B Billings MT, 59102

LOCATION DESCRIPTION

940 Avenue B is an attractive 5-unit multifamily investment opportunity located in the heart of Mid-Town. Nestled on a quiet residential street, this property benefits from a prime location that offers both a serene neighborhood vibe and quick access to nearby conveniences, making it an appealing choice for tenants seeking both comfort and accessibility.

This well-maintained building features a versatile mix of apartment sizes to attract a broad range of renters. Unit #1 is the largest. It is a three-bedroom, two-bathroom suite perfect for families or roommates. Units #2 through #4 are two-bedroom, one-bathroom layouts that provide cozy yet spacious living options. Lastly, Unit #5 is a one bedroom, one-bathroom basement suite that rounds out the property, ideal for individuals or couples seeking an efficient space in a desirable area.

Coin-operated laundry facilities are available on-site, generating additional income and adding convenience for tenants. Most leases are currently month-to-month, providing an immediate opportunity to adjust rents closer to market rates and significantly increase cash flow.

With current rents below market value, there is a clear path for revenue growth, making this an excellent addition to any real estate investment portfolio.

PROPERTY HIGHLIGHTS

5-unit fully occupied multifamily property

Desirable Mid-Town location with CMU1 zoning

Units include:

• Unit #1: 3 Bed, 2 Bath

• Units #2-4: 2 Bed, 1 Bath

• Unit #5 (Basement): 1 Bed, 1 Bath

• Quiet street with easy access to amenities and transportation

• Coin-operated laundry on-site for additional revenue

• Rents below market value, offering cash flow growth potential

• Four tenants on month-to-month agreements; ideal for immediate rent adjustments