Three Forks, Montana

21 N 4th Avenue E


What was once a Single Family Home in Three Forks is now an income producing property. Great central location offers convenience and the property sits on 3 City Lots, total land is 0.482 Acres. Property is split into 5 units, has a strong rental history, and has had very little vacancy in the past. Units A is 2 bedrooms + 1 bathroom + 2 car detached garage; Unit B is 2 bedrooms + 1 bathroom; Unit C is 1 bedroom + 1 bathroom + den/office/extra room; Units D & E are 1 bedroom + 1 bathroom. Currently, property is owner managed and the rent yields a 5.25% CAP Rate, but all rents are below market value--if rents increased to reflect market value, CAP would reflect 6.84% if managed by the new owner, or 5.82% with a typical 10% management fee. Property offers shared dual coin-operation laundry and ample parking (some covered, some uncovered). Seller currently pays gas, electric, water & sewer; Tenants pay trash.

  • TypeMulti-Family
  • Days on Market19
  • AreaThree Forks City 4TC
  • Baths Per UnitVaries
  • Baths Total0.00
  • Beds Per UnitVaries
  • CoolingVaries
  • ExteriorHardboard,Stone
  • HeatingElectric Baseboard,Hot Water Baseboard
  • LaundryShared On-Site
  • LevelsSingle Floor with Basement
  • Lot Size0.482
  • Property Sub Type5+ Units
  • Road AccessPaved
  • RoofAsphalt
  • StatusContingent Backups Wanted
  • SubdivisionMilwaukee Land Company
  • Year Built1973
  • Zoning ListNONE - None/Unknown

Listing Provided By:

RE/MAX Realty Group

Leslie Miller