Peggy Lou Heckenlaible - Coldwell Banker Distinctive Properties Logo
$3,200,000
( $194.53Per Sq Foot )
 $17,178 est/mo Sourced by Back At You

201 9th Avenue NW,Sidney, MT 59270

Sidney, MT 59270

Share:

PreviousNext

Description

A turnkey 20- Unit value-add opportunity for commercial investors and 1031 prospects. This 20-unit garden-style apartment complex presents immediate cash flow with upside through strategic renovations and stabilized NOI growth, supported by a growing regional housing demand and nearby commercial development. Current Gross Potential Rent (GPR):19 x $1,050 = $19,950 per monthUnit 206: $1,350 per monthTotal Monthly Gross Rent: $21,300Annual Gross Revenue (current): $21,300 x 12 = $255,600 NOI (current): 0.65 x $255,600 = $165,660 Cap Rate: 5.25% 2-Year RenovationPlan (Proforma) Renovation Plan: Renovate all 20 units to the standard of Unit 206Renovated Rent (all units): $1,600 per unit/monthProjected Gross Revenue: 20 x $1,600 = $32,000Annual Gross Revenue: $32,000 x 12 = $384,000 NOI (future): 0.65 x $384,000 = $249,600 Cap Rate Assumption: 5.25%Implied value based on NOI:Value = NOI / Cap Rate = $249,600 / 0.0525 $4,760,000

Details

MLS #30062075
Listing TypeFor Sale
StyleBuilding
Building NameNorthview Apartments
Sub-TypeResale
StatusActive
Year2013
Days On Site245
Listing Provided BySilvercreek Realty Group, LLC | Krista L Deacon

Features

SQ Feet16,450
Acreage0.92

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount17275.13

Area Information

StateMT
CountyRichland
CitySidney
Zip Code59270
Listing VS Median (in 59270)
Price:
$3,200,000
low | high
Med:
$3,200,000
50% of Average
sqft:
16,450
low | high
Med:
16,450
50% of Average
$ / sqft:
$195
low | high
Med:
$195
50% of Average
On site:
245
low | high
Med:
245
100% of Average
Sourced by Back At You

Request a showing

Request a showing

Contact

Additional Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Distinctive Properties at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
The information is being provided by Montana Regional MLS. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Montana Regional MLS. All Rights Reserved.

Contact

Learn More About This Property

Peggy Lou Heckenlaible

Peggy Lou Heckenlaible

Coldwell Banker Distinctive Prop

98791 (406) 579-4911peggylou.cbdp@gmail.com
StateMT
CountyRichland
CitySidney
Zip Code59270
Listing VS Median (in 59270)
Price:
$3,200,000
low | high
Med:
$3,200,000
50% of Average
sqft:
16,450
low | high
Med:
16,450
50% of Average
$ / sqft:
$195
low | high
Med:
$195
50% of Average
On site:
245
low | high
Med:
245
100% of Average
Sourced by Back At You
Listing Updated: July 9, 2026 at 11:11:25 AM PDT

Peggy Lou Heckenlaible - Coldwell Banker Distinctive Properties