420 Lordwith Drive Unit Building C, Billings, MT 59102
- $1,711,340
- 7,920
- SqFt
- List Price
- $1,711,340
- Status
- ACTIVE
- MLS#
- 358712
- Living Area
- 7,920
- Lot Size (Acres)
- 0.182
- Style
- Two Story
- Property Subtype
- Apartment
- Year Built
- 1959
Property Description
8-unit, two-story brick multifamily offering all 2BR/1BA units, 100% occupied with an active waitlist. Balanced unit mix with 4 renovated and 4 classic units creates a strong in-place income stream with clear upside. Classic units present a proven path to increased rents through interior updates, making this the most compelling value-add opportunity in the portfolio. Current income supports immediate cash flow, while future improvements allow for meaningful growth. Condo conversion has been approved, providing flexibility for a potential sell-off strategy or long-term hold. Located within a three-building offering at 420 Lordwith Drive, available individually or as part of the full portfolio. Positioned less than one mile from a major hospital development, supporting long-term rental demand.
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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