1505 Broadway Ave. S, Red Lodge, MT 59068

Interesting property -- looks like a motel, is rented by on-site managers like a motel, but each unit is privately owned. This is one of the two bedroom, one bath units, a full kitchen and dining area, decent sized living room with a fireplace, two bedrooms and a full bath upstairs. FULLY FURNISHED!At the end of the year each owner gets a profit and loss statement detailing income from rentals, expenses for the rentals, expenses for their percentage of the overall complex, and a "special assessment" (which is used for large leasehold improvements). Most years theses unit owners get a check but there have been years (flood, fire, etc) but no guarantee. All utilities paid by Chateau Rouge -- owners only need insurance from the block walls in and pay their yearly taxes -- no monthly expenses.