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919 Mineral Avenue Libby, MT 59923

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Apartment complex with renovation potential in a prime downtown location.

Type:Multifamily
Property size:
5,360 SF
Added:
Oct 9, 2024
Days on Market:
559
Last Refresh:
Mar 17 at 1:13 pm

Property Features for 919 Mineral Avenue

General Information

Standard status
Active
Size
5,360 SF
Property subtype
Multifamily

Building Details

Year Built
1946

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Listing Contact
Ashley Miner

Listing agent Ashley Miner License #RRE-RBS-LIC-109160

Listing office CENTURY 21 Summit Realty

Listing date Oct 9, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Summit Realty


Overview

Downtown Apartment Complex with Potential

This apartment complex, previously a motel, presents an investment opportunity with potential for upgrades and renovations. Located downtown, it offers access to parks and local attractions. The property includes a manager’s quarters, suitable for on-site management or additional rental income. The spacious units feature roomy layouts that can be transformed into modern living spaces. Repairs and renovations can enhance the property's value and appeal. The property is a blank canvas, offering possibilities to renovate and increase rental income or convert the space for a different purpose. The unfinished basement in both buildings offers additional potential for rentable space. The property size is 5360 square feet. The cap rate is 4%.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Granite Studios Hotel & Motel Evergreen Extension Hotel & Motel The Royal Wolf Lodge Hotel & Motel The Janitorial & Construction Cleaning ... Hardware & Home Improvement

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Libby
County
Lincoln
State
Montana
Longitude
-115.5553464
Latitude
48.387386

FAQs

What type of property is this?
Apartment building - Apartment complex with renovation potential in a prime downtown location.
Where is this apartment building located?
The property is located at 919 Mineral Avenue Libby, MT.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Prime downtown location with easy access to parks and local attractions.; High potential for increased rental income through renovations and upgrades.; Manager’s quarters on‑site for convenient management or additional income.
More about this property
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