709 Knapp Street, Wolf Point, MT 59201

Duplex Rental Property with Consistent Monthly Income

Rental Property in Wolf Point Montana with Long Term Tenant and Consistent Monthly Income Currently serving as a duplex with 2 rentable units, this home, located on a 60' x 140' Wolf Point City lot, was originally constructed in 1965, with numerous updates in recent years. The 956 square foot main floor houses a 2-bedroom, 1 bathroom apartment while the 956 square foot basement adds a 1 bedroom, 1 bathroom apartment. A shared laundry room can be accessed by both apartments, as well as a detached 16' x 24' garage built in 1980. Original hardwood floors throughout the home have been refinished, with linoleum added in the kitchens and bathrooms. The home is heated by a natural gas fueled forced air furnace, new in 2015 and cooled by a central air conditioning system. The home's roof was updated in 2017. Both units are currently rented to the same tenant at a total monthly rate of $1000/month. Positive Cash Flow with Low Monthly Expenses Property taxes for the 2022 year were $1729.21 and the monthly city water/sewer bill runs approximately $74/month. Natural Gas and Electricity are provided by Montana Dakota Utilities at a combined average monthly rate of $152/month. A Range and Refrigerator in both apartments are included.