Investment Property for Sale at 10 Pike Street 10 & 12 in Havre, MT for $285,000

Listing data last changed 11/3/2024
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10 Pike Street, 10 & 12 | Havre

$285,000

Prime Investment Opportunity: Seize this exceptional investment with a well maintained duplex, featuring a 4-bed, 1.75-bath unit and a 3-bed, 2-bath unit. Both units offer the convenience of a garage stall and off-street parking. With a strong rental history, this property currently generates a gross monthly income of $2,475. Investment Highlights: •High Demand Units:Spacious layouts with modern amenities appeal to a wide range of tenants. •Tenant-Paid Utilities:Tenants pay water, sewer, gas, & electric, maximizing your net income. •Owner Services:garbage, snow removal, and lawn care. Financials: •Annual Gross Income:$29,700 •Net Operating Income (NOI):$22,100 •CAP Rate:7.37% •Cash on Cash Return:5.52% (30-year mort, 25% down, 7% int rate) This duplex is a prime opportunity for investors seeking reliable returns and long-term value. Text/Call John Carlson at 406-390-1381, or your real estate professional today to schedule a viewing & secure this great investment. cap rate for this property is calculated with $3,000 annual taxes, $3,000 annual insurance, and $1600 annual lawn/snow removal expense Cash on Cash Return calculated with a 30-year mortgage, 25% down payment, and 7% interest rate is approximately 5.52%. MTR 30028847

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MLS Listing ID: 
MTR 30028847
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$285,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
MultiFamily
Primary Market Area: 
Havre
Address: 
10 Pike Street, 10 & 12, Havre, MT 59501, US
County: 
Hill
Latitude: 
48.5468360
Longitude: 
-109.6837470
Building Details
Details about the building on a property.
Architectural Style: 
Ranch
Year Built: 
1948
New Construction: 
0
Basement: 
None
Construction
Construction Materials: 
Brick, Masonite, Wood Frame
Foundation Details: 
See Remarks
Roof: 
Composition
Exterior Features: 
Storage
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air, Gas
Cooling System: 
Central Air
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.2
Lot Size (Area): 
8,886
Waterfront: 
0
Lot Features
Parking Type: 
Alley Access
Garage: 
2
Public Record
Parcel Number: 
12444108311090000
Contract Details
Details about the listing contract.
Possession: 
Close Of Escrow
Disclosures: 
Disclosure on File, Lead Based Paint Disclosure, Seller Disclosure
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
John Carlson
Listing Office Name: 
Bullhook Real Estate LLC