Main Street – Butte, Montana
Project Category: Substantial Improvement Property
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Summary
Description: Project is 4 adjacent lots comprising 8 units. 3 of the units are complete and rented. Two, twin duplexes and a stand alone cottage remain as well as some landscaping and curb appeal elements.
Advantages: 3 units already rented meaning day 1 revenue. High visibility units that are easy to rent. Off Street parking. Garbage and sewer included in taxes.
Location: Great location that’s near everything – 1 block from restaurants, night life, the high school. 2 -3 blocks from Emma park and the gas station. 5 blocks from the hospital and freeway.
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Details
Project Qualification: Substantial Improvement PropertyReal Estate: ResidentialTotal Capital Required: $725,000Project Control: We own all the key propertyTimeline: Less than 30 daysAddress: 649-661 1/2 S Main St. Butte Montana 59701 United StatesFile: -
Map
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Project Narrative
Project Narrative:PROJECT HIGHLIGHTS
* Off Street Parking
* High visibility location makes the properties easy to rent.
* Local government eager to help with permits and see the project complete.
* Projects are clean up and easy to inspect / Construction ready
* Revenue producing on day one.
* Residential units in walkable neighborhood.EXISTING STRUCTURES ON PROPERTY
* 649-651 South Main - Duplex - 2 bed / 1 bath - flat roof - both Rented.
* 655 South Main - Single Family home - 3 bed / 1 bath - Rented.
* 655 1/2 South Main - Single Bedroom cottage behind 655 South main.
* 659-659 1/2 South Main - Duplex - 3 bed /1 bath - demo complete, clean for inspection and ready to begin remodel immediately. (twin building to 661-661 1/2)
* 661-661 1/2 South Main - Duplex - 3 bed /1 bath - demo complete, clean for inspection and ready to begin remodel immediately. (twin building to 659-659 1/2)ZONING:
R2 - Multi-Family Residential