This 36-unit apartment complex, now under new management, offers an impressive 93% occupancy rate and potential for a desirable increase in Cap Rate, making it an excellent investment opportunity. The property comprises a mix of 3-bedroom/1-bath, 2-bedroom/1-bath, 1-bedroom/1-bath, and studio apartments across four 3-story buildings with 16 garages. Built in 2016 on 1.267 acres, these luxury units feature granite countertops, efficient hot water heating, wall AC units, and in-unit washers/dryers. The rental income is fabulous, providing a steady and attractive return on investment. Located in Sidney, MT, the county seat of Richland County, this property is strategically positioned near major employers and amenities. This complex not only provides high-quality living spaces but also represents a promising investment with its strong occupancy and growth potential under new management. Call Burke Tyree at 406-453-2000, or your real estate professional.
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.
