Well-Maintained 2-Bedroom Home Malta, MT – Turnkey Rental

Well-Maintained 2-Bedroom Home in Malta, MT – Turnkey Rental
Opportunity

Located at 551 S 5th St E in Malta, Montana is this 2-bedroom, 1 bathroom
single-family home. Built in 1940, the home features 2,192± sq ft total, with
1,096± sq ft on the finished main floor and an additional 1,096± sq ft partially
finished basement. The home is heated by a forced-air gas furnace and
features central air conditioning. It is situated on a 60′ x 140′ city lot
(8,400± sq ft) and offers ample outdoor space. While there is no garage
currently, there is room to build one. A nice driveway leads to a 12′ x 16′ walkthrough
shed built in 2002, which can be accessed from both the front and backyard and
features doors on each end. It provides excellent storage, along with an
additional 4′ x 8′ shed located in the fenced backyard. Underground sprinklers
help maintain the yard efficiently.

Major updates include a new sewer line to the main and lift
station installed in June 2025, a forced-air furnace and central air
conditioning system installed in September 2017, a partially finished ¾
bathroom and a new roof with OSB sheeting replaced in 2015. The foundation is
not original to the home and was completely redone by the current owners and is
in great condition. Vinyl windows (on main floor only) and vinyl siding were
both replaced within the last 20 years, and underground sprinklers were added
approximately 5-6 years ago.

Inviting Curb Appeal & Welcoming Entry

As you approach the home, you’ll notice the boulevard sidewalk, a
nice long driveway offering great off-street parking, and a well-maintained
walkway leading to the front porch. The inviting front porch and bay window add
to the home’s welcoming curb appeal, complemented by soft blue siding with
crisp white trim.

Inside the front door, you’ll enter a welcoming entry area just
off the living room, complete with a generously sized coat closet. There is
plenty of space for a bench, shoe rack, hall tree, or additional storage. This
area opens into the open living room and dining room, which are separated by a
charming wooden ceiling beam that adds character while still maintaining an
open feel. The bay window overlooks the front yard, allowing for great natural
light.

Between the living and dining areas, a hallway leads to the two
bedrooms and the full bathroom. There you will find a built-in China style
cabinet with glass doors. From the dining room, you step down into the kitchen,
which is equipped with a dishwasher, gas range, refrigerator, washer, and
dryer. The gas range and dishwasher are owned by the sellers and are included
in the sale, while the refrigerator, washer, dryer, and deep freezer (located
in the basement) belong to the tenants and are not included in the sale.

The kitchen also features a nicely sized walk-in pantry with a modern
and functional barn door. A window over the kitchen sink overlooks the back
porch and fenced backyard. From the kitchen, you step down to the main-floor
stair landing, where you can either access the back porch/backyard or head down
to the basement.

Functional Floorplan with Basement Potential

A wide staircase leads to the partially finished basement, which
is mostly open and offers great potential. There is one bonus room currently
being used as a workshop that has built-in shelving and cabinets, along with a
partially finished ¾ bathroom.

The basement also houses the water heater, furnace, lift station,
underground sprinkler controls, and a water softener.

Private Backyard Oasis – Perfect for Entertaining

Heading back upstairs and out the back door, you’ll step onto the
back porch.  This is an excellent space
for entertaining or enjoying the warmer months.

The property includes a 12′ x 16′ shed built in 2002, which can be
accessed from both the front and backyard and features doors on each end. There
is also an additional 4′ x 8′ shed located near the alley. There is a
drive-through gate that allows easy access to the backyard.

Centrally Located in Great Neighborhood
This property is in a well-kept neighborhood within a one to ten-block radius
of the Phillips County Hospital and Family Health Clinic, River’s Bend Assisted
Living, Phillips County Library, Downtown Commercial District, Malta Elementary
School, Old Gym, Mustang & M-ette Football/Track Field, Murray Field, the
Malta Cemetery, the Dodson South Canal, Riverview Park, and the Hillcrest Park
and Skatepark, all great areas for walking, running, biking, shopping, dining,
or enjoying community/school events.  The current owners did a great job
renovating and maintaining this property and it is ready for its new owner!
 Call us today to schedule a private showing of this great home! 
Interactive Map and Virtual Tour available upon request.

Turnkey Rental – Tenants in Place

The sellers wish to sell this property as a turnkey rental with
the current tenants in place. This property is currently rented to reliable
tenants who pay $550 per month and are responsible for all utilities, including
MDU (gas), NWE (electric), and the City of Malta (water, sewer, and garbage).

To respect the tenants’ privacy, showings will require appropriate
notice and will be offered to qualified buyers with a current pre-approval
letter.

Utilities and Taxes

Average utilities for the last 12 months were NWE: $78.16/month, MDU: $X/month,
City of Malta – Garbage, Sewer, and Water: $93.50/month.  2025 Taxes were
$1,239.59