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Downtown Apartment Complex with Potential

919 Mineral Avenue, Libby, MT 59923

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For Sale

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Apartment complex with renovation potential in a prime downtown location.

Type:Multifamily

Property size:

5,360 SF

Price / SF:

$317/SF

HighLights

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.
Spacious units with roomy layouts that can be modernized.
Unfinished basements in both buildings offer potential for additional rentable space.
Unique opportunity to convert the former motel into a different type of property.

We can help!

Contact an agent

Ashley Miner

For Sale

Contact for pricing

Apartment complex with renovation potential in a prime downtown location.

Type:Multifamily

Property size:

5,360 SF

Price / SF:

$317/SF

Added:: Oct 9, 2024
Days on Market:: 636
Last Refresh:: Jun 29 at 2:22 am

Property Features for 919 Mineral Avenue

General Information

Standard status: Active
Size: 5,360 SF
Property subtype: Multifamily

Building Details

Year Built: 1946

We can help!

Contact an agent

Ashley Miner

Listing office CENTURY 21 Summit Realty

Listing date Oct 9, 2024

Source Crexi

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

HighLights

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.
Spacious units with roomy layouts that can be modernized.
Unfinished basements in both buildings offer potential for additional rentable space.
Unique opportunity to convert the former motel into a different type of property.

Overview

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 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

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Location Insight

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Local Demand

City: Libby
County: Lincoln
State: Montana
Longitude: -115.5553464
Latitude: 48.387386

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For sale
Apartment buildings
MT
Libby
59923
919 Mineral Ave

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.