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About This Home
This 0-bedroom, 0-bathroom single family at 23 W Main Street in Belgrade, MT is listed for $1,200,000 ($300 per sqft). Built in 1904, the home offers 4,000 sqft of living space on a 0.07 acres lot.
DOWNTOWN BELGRADE NNN LEASED INVESTMENT PROPERTY WITH A 10 YEAR LEASE AT 6.4%+ CAP RATE! Looking for a solid long-term income stream? Want an ideal location? Prefer multi-tenant to hedge the risk of vacancy? Like a hedge against inflation with annual increases tide to CPI?
Desire value-add opportunity with room to expand? Enjoy working with creative, open-minded Sellers? This property has it all! It is a 4000sf building with the possibility of expansion in block 1 of the original townsite of Belgrade, MT across the street from the large public parking lot.
The main floor tenant (over 70% of the current leasable space) recently signed a 10-year absolute NNN lease with annual CPI (with 3% minimum) increases. 5 of 6 upstairs (could easily be 8) smaller offices leased on 1yr NNN leases (with one being a gross lease). $77,500+ NOI! Call on this one today.
Key Features
- Built in 1904
- 0.07 acre lot
Property Details
Monthly Cost Estimate
$6,418/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
23 W Main Street
Belgrade, MT 59714
Property Details
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom single family at 23 W Main Street is listed at $1,200,000 ($300/sqft). The estimated monthly payment is $5,200 based on 20% down at 6.5% interest.
Key features include: Built in 1904, 0.07 acre lot.
This property is listed by Don Lint and can be reached at 4065798686 or don@donlint.com.
