Investment Property for Sale at 400 Garber Street in Plains, MT for $720,000

Listing data last changed 2/4/2025
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400 Garber Street | Plains

$720,000

An, approximate, 5,600 sf 8-plex on city water and sewer. Short walking distance to all the stores. Lots of parking. All 1 bdrm and 1 bath and all apartments are the same at approximately 600 sf each. Two common areas have washer/dryers. Split entry. Four up and four down. Great bunch of tenants. Now grossing $86,400 yearly in rents ($900 month) as it is full. New roof 10 years ago and new windows maybe 15 years ago or so. Tenants pay their own electricity but we do heat the halls and their hot water (2 new central hot water heaters a few months ago). A/C units in each apt. Electric BB heat. On a very generous '25 budget, still should return 6% R.O.I. Plus appreciation and depreciation. Manager/partial owner wants to retire. Lots of possibilities here to increase income too. Ask me about that. Would take cash or terms. If terms, minimum of 30% dn. Probably 5-7 years and then a full balloon. All tenants have RD vouchers, besides the rent they pay and money directly deposited. MTR 30039711

Directions to property: Behind the FS. NW part of town. Corner of Ryan and Garber.

MLS Listing ID: 
MTR 30039711
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$720,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
MultiFamily
Primary Market Area: 
Plains
Address: 
400 Garber Street, Plains, MT 59859, US
Street Additional Information: 
223 Main St. West
County: 
Sanders
Latitude: 
47.4640280
Longitude: 
-114.8808251
Building Details
Details about the building on a property.
Architectural Style: 
Split Level
Year Built: 
1976
New Construction: 
0
Basement: 
Other
Construction
Construction Materials: 
Wood Siding, Wood Frame
Foundation Details: 
Treated Wood
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Baseboard, Electric
Cooling System: 
Window Unit(s)
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.34
Lot Size (Area): 
15,000
Waterfront: 
0
Lot Features
Parking Type: 
Additional Parking
Garage: 
0
Public Record
Parcel Number: 
35297926202010000
Contract Details
Details about the listing contract.
Possession: 
Close Of Escrow
Disclosures: 
Lead Based Paint Disclosure, Owner Is Listing Agent
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
David Bennett
Listing Office Name: 
Bennett Homes, Realty & Invest