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Bozeman Real Estate Group
Is Buying a Rental Property in Bozeman, Montana a Good Investment?
On Dec 12, 2023
Bozeman, Montana is a college town known for its thriving real estate market, making it an ideal place for investment properties. This is especially true for parents of prospective Montana State University students. The rental market in Bozeman has been tough due to low inventory and high prices, which makes owning a home an attractive option for parents who can rent it out to their student while they attend MSU. The high housing prices in Bozeman also offer strong potential for appreciation on a rental investment. If you're interested in a college rental or looking for an investment property for your MSU student, here are some options.
Southbridge Condos
These brand-new condos are ideal because of their location to Montana State University. They feature a contemporary style, and open floor plans. Each unit has a detached garage and there are 2- and 3-bedroom units available.
Elevation Townhomes
Elevation Townhomes is a new townhome community in Bozeman that features 4 bedroom units making it an ideal option for college students. There are 16 units in the development and each will have a fenced, landscaped yard, plus sidewalk snow removal for low-maintenance living. While the location is not right next to MSU it is near a Streamline bus stop with routes to the university. Click here to find out what is currently available.
Lincoln Condos
These are about as close to MSU you can get without being in student housing. The Lincoln Condos are just down the street from the Brick Breeden Fieldhouse and feature 2-bedroom units with a secure building entrance, elevator, and heated 1-car garage.
Photo credit Coldwell Banker Distinctive Properties
Talbach House Condos
The Talbach House Condos are in south Bozeman with easy access to MSU. The best thing about Talbach is they offer maintenance-free living with a secure building, workout rooms, outdoor storage area, and covered parking. There are 2-bedroom options, as well as 1 bedroom-units if you have a college student who prefers to live alone. Click here to be notified when a Talbach House unit comes on the market.
CentrePark Flats
This large condo complex has three buildings with 18 units in each one. Each building is three levels with 6 two-bedroom, two-bathroom units per level. The site borders open space on three sides, including the Folf Course – a good place to unwind after a day of classes! It is located just off of N. 19th with Streamline bus stops nearby.
Bridgeview Condos
These condos are brand new construction located near MSU. They feature dual bedrooms with en-suite bathrooms plus a single-car garage. There is a secured building entrance and elevator. They are south of the Lincoln Condos down the road from the fieldhouse.
Photo credit Coldwell Banker Distinctive Properties
Condos in Laurel Glen Subdivision
Laurel Glen is a subdivision with both single and multi-family homes. The condos, mostly on Longbow are great investments for college rentals. They have three bedrooms and single car, detached garages. These are located in the northwest part of town, but there is a Streamline bus stop nearby. Click here to know when a home in this area comes on the market.
Photo credit Tamara Williams and Company
Homes Under $500K
It can be hard to find homes in Bozeman that work as an investment because the median price is high. However, it is possible and they make a solid investment. As a college town Bozeman sees many single-family homes used as college rentals as well as condos and townhomes. Click here to view homes for sale in Bozeman under $500,000.
Click here to see more townhome and condo developments in Bozeman.
Do you have more questions about buying a rental property in Bozeman? Let us know, we would be happy to help!
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