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1714 S 19th Avenue

Bozeman, MT 59718

JUST LISTED
$10,999,000
Residential Listing
1.06 AC

Summary

Exceptional investment opportunity in one of Montanas fastest-growing markets. Located at 1714 S 19th Ave, this turn-key multifamily property features 32 fully renovated units across three buildings, just minutes from Montana State University, downtown Bozeman, and major commercial corridors.Each unit is approximately 800 SF and offers a 2 bed / 1 bath layout, thoughtfully updated with new luxury vinyl plank flooring, dual-pane windows, fresh interior and exterior paint (and siding), stainless steel appliances, butcher block countertops, new cabinetry, and modern lighting and plumbing fixtures. Residents enjoy ample off-street parking, landscaped green space, and proximity to public transit, shopping, restaurants, and recreational amenities.A strong professional management team is already in place, and once the remodel is complete (set for August 2025) the remaining units will be leased. With an average rent of $1825 per unit, and with maintenance costs lowered significantly thanks to the substantial remodel, the complex stands to operate at a ~5% cap rate once complete. In the intermediate to longer term, there is considerable rental income upside as demand for apartments in the MSU/19th corridor continues to rise. This is a rare opportunity to acquire a fully modernized, stabilized asset with growth potential in a high-demand rental market.

Details

  • Neighborhood
    Remington Addition
  • Type
    Multi Family
  • Year Built
    1975
  • Lot Size
    1.06 AC
  • Flooring
    Laminate, Partially Carpeted
  • Levels
    Three Or More
  • Heating
    Baseboard, Electric
  • Cooling
    Ceiling Fan(s)
  • Community
    Bozeman
  • Utilities
    Electricity Connected, Natural Gas Available, Sewer Available, Water Available
  • Days on Market
    1
  • Listing Courtesy of
    The Agency Bozeman
  • MLS #
    403946

Location

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ERA® and the ERA Logo are registered service marks owned by ERA Franchise Systems LLC. Robyn L. Erlenbush Real Estate, P.C. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to ERA Franchise Systems LLC nor any of its affiliated companies. © 2019 Robyn L. Erlenbush Real Estate, P.C. All rights reserved.

 

All property data and market statistics are pulled from Big Sky Country MLS.

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