420 Lordwith Drive Unit Building A, Billings, MT 59102
- $1,896,780
- 7,920
- SqFt
- List Price
- $1,896,780
- Status
- ACTIVE
- MLS#
- 358656
- Living Area
- 7,920
- Lot Size (Acres)
- 0.182
- Style
- Two Story
- Property Subtype
- Apartment
- Year Built
- 1959
Property Description
Fully occupied 8-unit, two-story brick multifamily property offering strong in-place income and immediate upside. All units are 2 bed, 1 bath. Five units have been renovated and are achieving premium rents, with three remaining units providing a clear value-add opportunity through updates. Property has demonstrated rental growth with continued demand in the area and consistent occupancy. DOR-approved for condo conversion, creating flexibility for a future exit strategy or phased sell-off. Located less than one mile from a major regional hospital development, supporting long-term rental demand. Part of a three-building portfolio at 420 Lordwith Drive, available individually or as a portfolio acquisition. Opportunity for both cash flow and appreciation.
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Additional Information
- Area
- (06) Downtown
- Subdivision
- Witherup
- Taxes
- $9,839
- Stories
- 2
- Heating
- Forced Air, Gas
- Cooling
- Central Air
- Sewer
- Public Sewer
- Elementary School
- Mckinley
- Middle School
- Lewis and Clark
- High School
- Senior High
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Listing courtesy of Lukas Seely from Century 21 Americana