31901 Us Highway 2 Libby, MT 59923
Excellent investment opportunity: 16-unit hotel with strong occupancy rates.
Type:Multifamily
Property size:
7,240 SF- Added:
- Oct 8, 2024
- Days on Market:
- 546
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 31901 Us Highway 2
General Information
- Standard status
- Active
- Size
- 7,240 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1971
Listing agent Ashley Miner License #RRE-RBS-LIC-109160
Listing office CENTURY 21 Summit Realty
Listing date Oct 8, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Summit Realty
Overview
Well-Maintained 16-Unit Hotel Investment
This well-maintained 16-unit hotel is an excellent investment opportunity. The property is ideally situated close to local amenities, offering a convenient stay for guests and ensuring an inviting atmosphere. The hotel features clean and comfortable rooms which are meticulously maintained, providing a welcoming space for guests. It is located just minutes away from restaurants, shops, and attractions, making it a desirable choice for travelers. There is a dedicated, livable space for on-site management enhancing operational efficiency and guest satisfaction. Guests can enjoy a relaxing outdoor area suitable for unwinding or potential outdoor activities. A large parking lot accommodates guests and staff, ensuring easy access. The Sandman has strong occupancy rates in a thriving area with potential for growth with added amenities or services. The property size is 7240 square feet. The cap rate is 5%.
Location Intelligence
Current Use by Public Records
Hotels
Location Insight
- Map
- Local Demand
- City
- Libby
- County
- Lincoln
- State
- Montana
- Longitude
- -115.568256
- Latitude
- 48.396079
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FAQs
What type of property is this?
Hotel - Excellent investment opportunity: 16-unit hotel with strong occupancy rates.
Where is this hotel located?
The property is located at 31901 Us Highway 2 Libby, MT.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Strong occupancy rates in a thriving area with potential for growth.; Excellent investment opportunity with a **5% cap rate**.; 16 meticulously maintained units offering clean and comfortable rooms.
