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1001 Oilfield Avenue

Shelby, MT 59474
  • $1,050,000
  • STATUS: Active
  • ON SITE: 7 Days
  • MLS #: 22117626
UPDATED: 72 min ago
$1,050,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,640
    SQFT
  • $51
    $/SQFT
Type:
Commercial
Built:
1978
County:
Area:

School Ratings & Info

School District:

Description

Come invest in a consistently profitable 24 unit apartment centrally located in Shelby, Montana. The buildings are in good condition with a low vacancy rate. There are three separate buildings on 2.57 acres with a paved parking lot. Each building has seven two bedroom units and one, one bedroom unit plus laundry facilities. Appliances in almost every unit appear to be newer. Many apartments are being upgraded to the ''luxury vinyl plank'' highly durable flooring. Landlord pays sewer, water, and trash. Tenant pays electricity (includes heat source) and a monthly laundry room fee since the washers and dryers are not coin operated. Shelby is a rural town comprised of border patrol agents, those working for the railroad, the local prison. Shelby has seen a big influx of veterans/retirees.Hunting, fishing and golf are available in close proximity. Shelby has healthcare facilities, restaurants, grocery, gas stations, hardware stores and more. The apartment is currently profitable, but has potential for increased profit. Landlord pays sewer, water, and trash. Tenant pays electricity (includes heat source) and a monthly laundry room fee since the washers and dryers are not coin operated. There is an open, undeveloped space next to the apartments. Buyers should consult with the city on development and other uses for that lot. T-lock shingle roofs, but appear to be in good condition. Parking lot has a slick feature whereby each space has a place to plug in the car and controls are in each unit. We have taken a video of all 24 apartments. Buyers to verify all representations to their own satisfaction.

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© 2021 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data last updated: 2021-11-30T10:19:27.08.
www.montanalifere.com/homes/123485207
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1001 Oilfield Avenue Shelby, MT 59474

  • Price: $1,050,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 72 min ago
  • MLS #: 22117626
0
Beds
0
Baths
0
½ Baths
N/A
Acres
20,640
SQFT
$51
$/SQFT
1978
Built
County:
Toole
Area:
Shelby
School District:
District No. 14
Property Description
Come invest in a consistently profitable 24 unit apartment centrally located in Shelby, Montana. The buildings are in good condition with a low vacancy rate. There are three separate buildings on 2.57 acres with a paved parking lot. Each building has seven two bedroom units and one, one bedroom unit plus laundry facilities. Appliances in almost every unit appear to be newer. Many apartments are being upgraded to the ''luxury vinyl plank'' highly durable flooring. Landlord pays sewer, water, and trash. Tenant pays electricity (includes heat source) and a monthly laundry room fee since the washers and dryers are not coin operated. Shelby is a rural town comprised of border patrol agents, those working for the railroad, the local prison. Shelby has seen a big influx of veterans/retirees.Hunting, fishing and golf are available in close proximity. Shelby has healthcare facilities, restaurants, grocery, gas stations, hardware stores and more. The apartment is currently profitable, but has potential for increased profit. Landlord pays sewer, water, and trash. Tenant pays electricity (includes heat source) and a monthly laundry room fee since the washers and dryers are not coin operated. There is an open, undeveloped space next to the apartments. Buyers should consult with the city on development and other uses for that lot. T-lock shingle roofs, but appear to be in good condition. Parking lot has a slick feature whereby each space has a place to plug in the car and controls are in each unit. We have taken a video of all 24 apartments. Buyers to verify all representations to their own satisfaction.
Exterior Features

Construction Wood/Frame Parking Information Parking LotPaved Road Frontage City Street Stories Two Waterfront None

Interior Features

Foundation Poured Concrete HVAC Electric Baseboard

Property Features

Age Over 20 Years Bank Owned Or REO No Business Name Sentinel Court Apts. Commercial Type Commercial Condition FairGood Covenant Unknown Flood Plain Unknown Gross Annual Income $100000 - $500000 Offering For Sale Bldg./Land Paid By Owner JanitorialMaintenanceSewerTrash PickupWater Possession ClosingTenant Rights Short Sale No Tax Year 2021 Taxes 9726.00 Terms Of Sale CashConventional Utilities Cable Tv AvailableCity SewerCity Sewer AvailableCity WaterElectricInternetTelephone Zoning Residential

Listing provided courtesy of Lynn Kenyon Laue of Live in Montana Real Estate.


© 2021 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data last updated: 2021-11-30T10:19:27.08.
 
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