208 Hemlock Dr, Billings, MT 59101

Investor or Owner-Occupant Opportunity! Main home located at 208 Hemlock with additional income from the adjacent lot at 206 Hemlock. The trailer on the neighboring lot is owner-occupied and currently generates $320/month in lot rent. Market rates suggest the potential for $500–$600/month_Primary residence is in need of significant TLC & remodeling, previous long-term tenants left it in poor condition. Previously rented for $1,000/month in its current state for many years. Tenants recently vacated to allow for the sale. Property includes Mature landscaping, Irrigation system w/220V power, Lockwood water & sewer, Existing well for yard, MDU natural gas service_With some updates this property presents a solid opportunity for sweat equity & supplemental income_Property will ONLY qualify for a Land/Lot loan or In House loan with your local lender, both require 25% to 30% cash down payment.