2434 Wyoming Street
About this property
Investment and development potential or live in one and rent out the others! Property features an up/down duplex and very nice manufactured home on a permanent foundation. Upstairs duplex unit is 5 Bed/2Bath with bonus room. Downstairs unit is 2 Bed/1 Bath plus 1 bonus room. One bedroom does not have a legal egress. Duplex has a fenced back yard. 2002 manufactured home is a beautiful 3 Bed/2 Bath plus bonus on a permanent foundation. Manufactured home features newer flooring, beautiful cabinetry and an open floor plan. Seller also has complete plans for a 4-unit townhome development. Car port and heated garage with EV charging station. Paved driveway and lots of space for toys and trailers. Duplex had a new roof and roof insulation installed in 2021. Property is ideal for a contractor to be able to park equipment and work out of the heated garage. Projected gross rent: $7200-$7300. Outstanding tenants! Downstairs tenants of the duplex pay $1,250/mo. and have a signed lease through August of 2024. Upstairs tenant is a family member, M2M and currently paying below market rent. Manufactured home tenant is owner occupant (also M2M). Estimated rent per unit: 5 bed / 3 bath - $2595. 2 bed / 1 bath, basement - $1495. 3 bed / 2 bath, manufactured home - $2195. Projected rents have been provided by a local, established property management company. Heated garage and yard storage was also rented to owner's business for $1000/month. There is a well agreement in place with 3 adjacent property owners and all pay into a savings account to cover maintenance and administration costs. The cap rate of this property is 7.5-7.75%! Contact Paul Galvin at 406-550-1133 or KC Hart at 406-240-7000 or your real estate professional to schedule a showing.
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Presented By Coldwell Banker Distinctive Properties Durango
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Brokerage: Keller Williams Western MT