Montana Plains
A 60-Unit Independent Living Community Located in Montana
Asset Overview
Deal Points
- Community Alias: Montana Plains
- Year Build: 1995
- Units: 60
- Size: 59,610 SF
- Lot Size: 1.2 Acres
- Occupancy: 100%
- T12 Revenue: $3.1M
- T12 NOI: $1.2M
The Opportunity
The Zett Group, as exclusive listing broker, is pleased to present Montana Plains, a 60-Unit Independent Living community.
Originally built in 1995 and well maintained since it’s opening, the 59,610 square-foot building is in excellent condition with modern interior finishes, large community spaces, and serene outdoor walking spaces. Residents enjoy updated private suites with their own private full bathroom. Future owners will be able to focus capital expenditures toward further improving operations instead of deferred maintenance.
The operations are as stable as it comes. With occupancy at 100% for the previous six months straight, future owners of the community can be confident in consistent performance and steady cash-flow. Additionally, the current management company is eager to stay on as a 3rd party manager, because they are currently maximizing performance and resident satisfaction.
With the attractive physical plant, strong performance, and being located in the third most populated city in Montana, The Iris is the perfect opportunity for investors looking to grow their portfolio with a stabilized asset.
