Description
The Colonial Apartment building in uptown Butte. The seller started re-development. It needs to be completed. 24 rental units, studios. Recent updates include all new windows, some electrical, some interior framing. New roof and drain system in about 2009. In the URA District, so development may qualify for grant/loans. Seller has estimated dollars to complete and believes post-development can provide a 10% cap rate. All units have windows, many with great views. Could be uptown Butte's best development option!
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0BEDS
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0.07ACRES
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0BATHS
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01/2 BATHS
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14,485SQFT
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$29$/SQFT
School Ratings & Info
Description
The Colonial Apartment building in uptown Butte. The seller started re-development. It needs to be completed. 24 rental units, studios. Recent updates include all new windows, some electrical, some interior framing. New roof and drain system in about 2009. In the URA District, so development may qualify for grant/loans. Seller has estimated dollars to complete and believes post-development can provide a 10% cap rate. All units have windows, many with great views. Could be uptown Butte's best development option!
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