triplex in bozeman near MSU on city hiking trails, 2 lots

excellent opportunity for investors. watch this property cash flow. 3 units on 2 lots, next to the "Gallagator" city trail system. within 1 mile of MSU, 1/4 mile from Peet's Hill and downtown Bozeman. desirable south side neighborhood. unit 1: 2 floors, large fenced yard, corner lot, horseshoe pit, large patio, garage converted into office or 4th bedroom. 3 bedroom, 1.5 baths. possibility for 2.5 baths with some sweat equity. all appliances included, new paint, no deferred maintenance, new gas fireplace. rents for $1120/mth. unit 2: 1 floor, small fenced yard, front patio, small back deck. 3 beds/1 bath, wood burning stove, with forced air. all kichen/laundry appliances. rents for $950/mth unit 3: 1 floor, large fenced yard, front and side patio, all kitchen/laundry appliances. wood burning stove with forced air heating. corner lot. rents for $990/mth. at a 7% investor loan this property has a 5.2% CAP rate. i am sure you can get a better rate nowadays. qualifies for FHA multi-unit owner occupied loans. get them before they are gone! awesome opportunity for parents whose kids are going to MSU. let other parents pay your child's living expenses, as this is what this property has historically been. deferred maintenance is all taken care of, nice landscaping, best neighborhood in town for college kids. quiet, near trails and downtown, large hang out area in yards and garage. we have never had a vacancy in two years, rents are not inflated, we have all leases to prove this, and they are all expired for you to move into the unit of your choice. tenants cover gas/electric/cable. utilities run 100/mth for water/sewer/trash. taxes are $3060/yr. net operating income of over $36k/year. teach your kids how to manage property and make money in real estate while they get their degree in MSU. call mike at 406-600-0487.

here is a picture:

View Larger Map