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Parcel 5A1 Stahl Street
Billings, MT 59106
Asking Price
$3.28M
Asset Type
Residential Land
Class
Class B
What's Special
Approved for 20 units per acre! <p><span style="color: rgba(0, 0, 0, 1)">Residential Multifamily approved for 20 units per acre (approx. 230 total units). Zoned PUD-Planned Unit Development, with the underlying zoning classification of RMF-R – Residential Multi-Family Restricted. City water, sewer and Storm sewer lines are located in Stahl Street and Georgina Street along the entire frontage. Electricity, natural gas, telephone and cable are readily available to the site as well.</span></p>
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NOI
$80,000
Cap Rate
2.44%
DSCR
0.41
Underwater
Cash-on-Cash
-11.66%
Monthly Payment
$16,227.65
Annual Cash Flow
$-114,731.804
