Turnkey Duplex in Great Falls, Montana - 10.2% Cap Rate

[Egan Lohman]

This is a great turnkey duplex located in the heart of Great Falls MT.  Excellent investment opportunity with the Air Force Base, College, and Hospital all close by.

Seller is motivated!  Significant discount for quick cash close!

The property includes a detached 2-car garage with brand new garage doors installed this fall. W/D hookups in both units with existing W/D included with bottom unit.

Unit 1:

• Main level
• 2 bed 
• 1 bath
• Current rent $1,000/mo (lease ends August 2018)

Unit 2:

• Basement level
• 2 bed 
• 1 bath 
• Current rent $665/mo ($900 with new tenant - utilities included, currently month to month lease.)

Financials:

• $1,900/mo gross rent potential
• $650/mo current expenses which includes: taxes, insurance, utilities, 5% maintenance and vacancy and 10% management. 
• 10.2% Cap rate - if you manage the property yourself
• 9.5% Cap rate with property management

Click here for pictures and pro forma!