$785,000
Other - See Remarks, MT 59425
MLS# 24-168
Status: Closed
4080 sqft
1 / 1
Property Description
Invest in a 12-unit apartment complex in Conrad, MT. There are four 2-bedroom units and eight 1-bedroom units. Seller has been tastefully remodeling units between tenants. Remodeling includes NEW high-end luxury vinyl plank flooring, some with carpet in bedrooms, new appliances, attractive lighting, hardware, bathroom vanities, paint and more. All units, including laundry room, have permitted furnaces installed in 2022. Several units have new windows. The exterior was painted in 2023 and roof re-done. This a popular complex dubbed ''Sunset Ranch.'' Ten of the units have outdoor backyard spaces. The laundry room has one washer and one dryer and adds additional revenue. Seller has been re-investing rental income into improving the units. Some new hot water heaters, some new plumbing and
Details
Maps
Documents
Property Information
Type: Apartment Building
Realtor.com: Multi-Family
Style: 1 Story
Apx Year Built: 1946
Apx Main/Fl SqFt: 4080
Apx Total SqFt: 4080
Total # of Units: 12
# of Acres M/L: 0.54
Apx Lot Dimensions: 168x140x168x140
Listing Information
Current Price: $785,000
List Date: 2024-04-08
Status: Closed
Price: 785000
Location Legal
Area: Other- see remarks
House Number: 509
Street Name: Virginia
Street Suffix: ST
State/Province: MT
Zip Code: 59425
Status Change Information
Sold Date: 2024-06-03
Property Features
Current Occupancy: 90 - 95% Occupancy
Possession: Closing
Parking Facilities: On-Site Parking
Parking Per Unit: One
Siding: Brick Fascia
Roof: Metal
Approximate Age: 50+ Years
Heating Source: Gas
Heating System: Forced Air
Appliances: Coin Laundry; Range; Refrigerator
Safety Features: Smoke Detector - 1
Financing: Conventional
Supplements
electric, but most electric is original. Pets not allowed. Low vacancy rate. Agent-owned and managed by property management firm. Complex is in close proximity to parks, pool and shopping. Parking lot is large enough to give each unit a parking space. Shed on site and laundry provides storage, too. Landlord pays all sewer, water and electricity ONLY to parking lot and laundry room. Many long-term tenants. One plants flowers in the spring. Lot has big old shade trees. Sprinkler system. Ten of the units have both a front and back entrance. Ten units have walk in closets. The two end units are smaller than the other ten. All units are full baths with bathtubs and showers. Tubs, themselves, are original but faucets, etc... are new. Fire extinguishers, CO2 and smoke alarms in each unit. Can't seller finance.
Rent roll 
Listing Office: Live in Montana Real Estate
Last Updated: August - 17 - 2026
Information deemed reliable but not guaranteed.