100 Occupancy 12-Unit Apartment

Property Description

Built in 2013, the Yellowstone Apartments located in Glendive, MT, consists of 12 apartments divided into an 8-plex and a 4-plex on a 22,500 SF lot.517 ac. Each unit is approximately 850 SF and has two bedrooms/one-bathroom, stackable W/D unit, wall AC, electric heat, stainless steel appliances, tiled shower surrounds, and a rear deck off bedroom. There are 12 off-street parking spots provided with electrical outlets for block heaters in the winter months and a yard area with a storage shed. Glendive has a strong rental market with an unemployment rate of 1.9 and the area's largest employers health care etail/public administration are consistently hiring. Occupancy is currently at full capacity with an average monthly rent around $800, there are 6-month leases and the tenant pays for electric and owner pays for water, sewer and garbage. This apartment complex is conveniently located across from a city park which includes baseball fields, soccer fields, a splash park and playground equipment.