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400 Garber Street, 
Plains, MT 59859

$720,000

Bed


Bath


5,600

Sq Ft


Multi-Family

Active

Listed by

David Bennett

Bennett Homes, Realty & Invest

406-827-4663

Last updated:

February 14, 2025, 05:37 PM

MLS#

30039711

Source:

MT NMAR

Street View
About This Home
400 Garber Street

An, approximate, 5,600 sf 8-plex on city water and sewer. Short walking distance to all the stores. Lots of parking. All 1 bdrm and 1 bath and all apartments are the same at approximately 600 sf each. Two common areas have washer/dryers. Split entry. Four up and four down. Great bunch of tenants. Now grossing $86,400 yearly in rents ($900 month) as it is full. New roof 10 years ago and new windows maybe 15 years ago or so. Tenants pay their own electricity but we do heat the halls and their hot water (2 new central hot water heaters a few months ago). A/C units in each apt. Electric BB heat. On a very generous '25 budget, still should return 6% R.O.I. Plus appreciation and depreciation. Manager/partial owner wants to retire. Lots of possibilities here to increase income too. Ask me about that. Would take cash or terms. If terms, minimum of 30% dn. Probably 5-7 years and then a full balloon. All tenants have RD vouchers, besides the rent they pay and money directly deposited.

Home Facts

Multi-Family

Built in 1976

Price Summary

720,000

$128 per Sq. Ft.

MLS #:

30039711

Last Updated:

February 14, 2025, 05:37 PM

Added:

14 day(s) ago


Rooms & Interior
Interior

Living Area:

5,600 Sq. Ft.


Structure
Structure

Building Area:

5,600 Sq. Ft.

Year Built:

1976


Lot

Lot Size (Sq. Ft):

14,984


Finances & Disclosures
Finances

Price:

$720,000

Price per Sq. Ft:

$128 per Sq. Ft.

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