420 Lordwith Drive Building C
Billings, MT 59102
$1,711,340
8-unit, two-story brick multifamily offering all 2BR/1BA units, 100% occupied with an active waitlist. Balanced unit mix with 4 renovated and 4 classic units creates a strong in-place income stream with clear upside. Classic units present a proven path to increased rents through interior updates, making this the most compelling value-add opportunity in the portfolio. Current income supports immediate cash flow, while future improvements allow for meaningful growth. Condo conversion has been approved, providing flexibility for a potential sell-off strategy or long-term hold. Located within a three-building offering at 420 Lordwith Drive, available individually or as part of the full portfolio. Positioned less than one mile from a major hospital development, supporting long-term rental demand.
MLS #
358712
County
Yellowstone
Type
Apartment
Area
(06) Downtown
Subdivision
Witherup
Year Built
1959
Schools
Elementary
Mckinley
Middle School
Lewis and Clark
High School
Senior High
Source: BAR/MLS
Total SqFt
7,920 Sq Ft
Number of Levels
Two
Property Layout Breakdown
Above Grade Finished Area
7920.00
Living Area
7920.00
Lot Size
7,920 Sq Ft
Acres
0
Zoning
Mixed Residential 2
Lot Description
InteriorLot,Landscaped
Heating
ForcedAir,Gas
Cooling
CentralAir
Sewer
PublicSewer
Taxes
$9,839