1714 S 19th AVE Bozeman, MT 59718
1.06 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Remington Addition
MLS Listing ID 403946
Year Built 1975
Annual Tax Amount $39,908
Lot Size 1.060 Acres
Acres 1.06
Property Sub-Type Multi Family
Property Description
Each unit is approximately 800 SF and offers a 2 bed / 1 bath layout, thoughtfully updated with new luxury vinyl plank flooring, dual-pane windows, fresh interior and exterior paint (and siding), stainless steel appliances, butcher block countertops, new cabinetry, and modern lighting and plumbing fixtures.
Residents enjoy ample off-street parking, landscaped green space, and proximity to public transit, shopping, restaurants, and recreational amenities.
A strong professional management team is already in place, and once the remodel is complete (set for August 2025) the remaining units will be leased. With an average rent of $1825 per unit, and with maintenance costs lowered significantly thanks to the substantial remodel, the complex stands to operate at a ~5% cap rate once complete. In the intermediate to longer term, there is considerable rental income upside as demand for apartments in the MSU/19th corridor continues to rise.
This is a rare opportunity to acquire a fully modernized, stabilized asset with growth potential in a high-demand rental market.
Location
State MT
County Gallatin
Area Bozeman City Limits
Direction Corner of Remington and S 19th
Interior
Heating Baseboard, Electric
Cooling Ceiling Fan(s)
Flooring Laminate, Partially Carpeted
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Range, Refrigerator
Laundry Common Area
Exterior
Parking Features Common
Utilities Available Electricity Connected, Natural Gas Available, Sewer Available, Water Available
Water Access Desc Public
Roof Type Asphalt
Building
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Others
Tax ID RGG1352
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None