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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

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.
More about this property
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