Off-Market Property at 152 Fairway Dr, Helena, MT, 59601

152 Fairway Dr, Helena, MT, 59601

$490,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $250 per day and long-term for an average of $2,450 per month, based on similar listings in the area. Estimated short-term cap rate of 3.3%. Estimated long-term cap rate of -1.3%. This home in Sunhaven is a must see. It’s near the fairgrounds, Bill Roberts Golf Course, Vans and Capital High. The home offers a front deck to enjoy coffee and morning sunrises while the spacious covered patio in the back is perfect for entertaining. The original garage was remodeled into a living room with a gas fireplace. The property now features an oversized, detached two-car garage with a brand new solar PV system. Once inside, you'll find a spacious kitchen and dining room with a wet bar along with the living room. There is a full bath upstairs as well as three bedrooms that could be repurposed as office space or a workout room. The basement is fully finished into another living space, laundry room, dry bar and a stone-walled wine cellar! Best of all, however, is the primary suite with its GIANT walk-in closet and another full bath. The entire home is neat as a pin and has many other features like cork flooring, central air, a metal roof and the solar PV system. Some other features of the home: It was built and originally owned by the developer as one of the first in the area (see the picture on the piano, it's the home on the lower left). The home also includes a shed, extra off-street parking (in front of the old garage). Note the solar PVA system is so new they haven't received a bill from NWE that reflects it yet. The system is net-metered and new electric bills will be much less then previous ones.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$4247
Bedrooms
4
Bathrooms
2
SQFT
2,388
Furnished
unknown
Year built
1959
Listing Status
Off Market
MLS
30021502

Short-term Rental Potential
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$51,696

Revenue
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Profit
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Cash on Cash
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$205

Price/SQFT

Long-term Rental Potential
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$29,400

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$2,450/mo

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