505 And 515 S Virginia Street

Conrad, MT 59425

About this property

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, 10 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 electric, but most electric is original. Pets not allowed. Low vacancy rate. Agent-owned and managed by property management firm. Call Lynn Kenyon at 406-770-0013 or your real estate professional. 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.

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$785,000 Active Under Contract
4,080 SQFT

Presented By Coldwell Banker Distinctive Properties Durango

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Get in touch today! Phone: 1-970-259-3333
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Live in Montana Real Estate
1-406-770-0013

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Listed By Lynn Kenyon
Brokerage: Live in Montana Real Estate

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