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
Sidney is located in Montana. Sidney, Montana has a population of 6,240. Sidney is more family-centric than the surrounding county with 28.18% of the households containing married families with children. The county average for households married with children is 27.38%.
The median household income in Sidney, Montana is $55,611. The median household income for the surrounding county is $62,530 compared to the national median of $69,021. The median age of people living in Sidney is 38.4 years.
The average high temperature in July is 87.2 degrees, with an average low temperature in January of 5.9 degrees. The average rainfall is approximately 14.2 inches per year, with 33.2 inches of snow per year.
