Wyoming โข Montana โข Fully managed
Available
8-plex ยท 2 bed ยท SHORT-term rental
2o Lewis
BILLINGS, MT 59101
20 Lewis Ave has a lot going for it, especially for someone looking for a property with an established rental setup. With eight units, a mix of efficiency and one-bedroom layouts, and a convenient Billings location, it has the kind of flexibility that makes sense for long-term ownership. The separate garages are a nice added touch for tenants, while the surrounding area keeps everyday conveniences close by. Itโs a straightforward multifamily property with a lot of room to make it your own and build on whatโs already there.
Gallery
Inside the property
Key numbers
The investment at a glance
Purchase Price
$1,000,000
loan amount
$800,000
Rent/month est.
$7,960
first-year deduction
$350,000
Cash to close est.
$32,000
Property details
Market
Laramie, WY
Property type
Multi unit
Bedrooms
6
Strategy
Long-term rental
Status
Completed
Purchase price
$595,000
Loan amount
$535,500
LTV
90%
Interest rate
6.35%
Cash to close (est.)
$16,065
Rent (est.)
$3,895 /mo
Mortgage payment
$3,332 /mo
Taxes
$253 /mo
Insurance
$253 /mo
Monthly profit (est.)
$57
Gross yield
7.86%
First-year deduction (est.)
$208,250
Estimates from the internal inventory worksheet. Confirm rents, taxes, insurance and the deduction with your lender and CPA before relying on them.
Property details
Market
billings, MT
Property type
Multi unit
Bedrooms
8
Strategy
short-term rental
Status
Completed
Purchase price
$1,000,000
Loan amount
$800,000
Cash to close (est.)
$32,000
Rent (est.)
$7,960 /mo
First-year deduction (est.)
$350,000
Estimates from the internal inventory worksheet. Confirm rents, taxes, insurance and the deduction with your lender and CPA before relying on them.
Next step
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Inquiry for
20 Lewis
Billings, MT 59101
purchase ยท cash to close
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