$299,000 1.111 Acres of Multifamily Development Land

Bitterroot Dr & Wicks Ln Billings, MT 59105

Bitterroot Dr & Wicks Ln, Billings, MT, 59105
Bitterroot Dr & Wicks Ln, Billings, MT, 59105 Bitterroot Dr & Wicks Ln, Billings, MT, 59105 Bitterroot Dr & Wicks Ln, Billings, MT, 59105 Bitterroot Dr & Wicks Ln, Billings, MT, 59105 Bitterroot Dr & Wicks Ln, Billings, MT, 59105 Bitterroot Dr & Wicks Ln, Billings, MT, 59105 Bitterroot Dr & Wicks Ln, Billings, MT, 59105
FOR SALE
Property Type:
Residential Land Development
Amount:
$299,000
Cap Rate:
0.00%
Last Verified:
Aug 14, 2023

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*Wicks Ln & Bitterroot Rd, Billings, MT 59105 *1.111 Acres of Multifamily Development Land *For Sale $299,000 *Zoned NX1, Mixed Residential 1, 1 to 4 Units *All City Services Available *Water Line Stubbed into Property *Level Topography and Ready to Build *Sidewalk Already Installed Along Bitterroot Dr Prime multifamily development land for sale in the Billings Heights. NX1 zoning allows for single family homes, duplexes, triplexes and 4 plexes. Seller believes you can build 12 to 13 multifamily units on the property (6 qty duplexes or 3 qty triplexes + 4 plex), buyer to verify with City of Billings. Located on a prime corner with all city services available, this could be the perfect bite sized project for any builder or multifamily developer.

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.