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    919 Mineral Ave Libby, MT 59923

    For Sale
    $1,800,000

    15-Unit Multifamily Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 15-unit apartment complex, located at 919 Mineral Ave, Libby, MT 59923, presents a compelling investment opportunity. Formerly a motel, this property offers significant potential for renovation and value enhancement. The complex boasts spacious units with roomy layouts, ripe for modernization and increased rental income. A manager's quarters is included on-site, ideal for on-site management or as an additional rental unit. The property's prime downtown location provides easy access to local parks and attractions. Both buildings feature an unfinished basement, presenting further potential for development and additional rentable space. The current cap rate is 4%. This multifamily property, categorized as both apartment building and commercial, is listed at $1,800,000. The property is a blank canvas, ready for your vision, whether that involves renovations to increase rental income or conversion to a different use. More photos are forthcoming.

    Property Features for 919 Mineral Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Units
    15

    HighLights

    • 15‑unit apartment complex in Libby, MT, offering significant renovation potential.
    • Spacious units with room for modernization and increased rental income.
    • On‑site manager's quarters, usable as an additional rental unit.
    • Prime downtown location near parks and attractions.
    • Unfinished basements in both buildings offer expansion opportunities.
    • 4% cap rate, listed at $1,800,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Granite Studios Motel Evergreen Extension Motel The Royal Wolf Lodge Lodge The Janitorial & Construction Cleaning ... Cleaning Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Libby
    County
    Lincoln
    State
    Montana
    Longitude
    -115.5552791
    Latitude
    48.3873774

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    FAQs

    What type of property is this?
    Multifamily property - 15-Unit Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 919 Mineral Ave Libby, MT.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 15-unit apartment complex in Libby, MT, offering significant renovation potential.; Spacious units with room for modernization and increased rental income.; On-site manager's quarters, usable as an additional rental unit.
    Request Owner's contact information
    919 Mineral Ave Libby, MT 59923
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    Libby, MT 59923
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    919 Mineral Ave Libby, MT 59923
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