Multi-Family•Mid-Rise•For Sale

Boulevard and Ponderosa Apartments

312 5th Avenue North , Lewistown, Montana 59457

Sale Price $995,000
Sale Type Investment
Bldg Type Multi-Tenant
Year Renovated 2017
Stories 3
Cap Rate 9.09%
Vacancy 89%
Gross Bldg 24,341 SqFt
Land Area 1.11 Acres
Ceiling Height 9.0 Ft
Project Size 27
Net Op Inc $90,430.36
Two masonry apartment complexes located in Beautiful Lewistown, Montana. The sale includes the Boulevard (17 Units) and the Ponderosa (10 Units) Apartments which are both conveniently located close to downtown. Significant updates have been made to these properties over the last two years. Unit mix consist of mostly 1 bedroom 1 bath units with the exception of one 2 bedroom 2 bath apartment. Lewistown is a city in and the county seat of Fergus County, Montana. The population was 5,901 at the 2010 census. Lewistown is located in central Montana, the geographic center of the state, southeast of Great Falls.
  • Old School Charm and Character
  • 26 One Bed, One Bath Units
  • 1 Two Bed, Two Bath Unit
  • Masonry Exterior
  • Low Vacancy
  • Stable Tenant Occupancy
12/3/2018 7:20:24 PM 12/3/2018 7:21:42 PM

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