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    2 + Bldg 6&7 Amusement Ave Ward, MT 59840

    Sponsored
    For Sale
    $2,840,000

    32+ Unit Apartment Development, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a chance to acquire a thriving apartment complex in Hamilton, Montana. Priced at $2,840,000, this property encompasses a 1.01-acre lot and includes the final eight units of Phase One and the entirety of Phase Two of the FairPark Townhomes development. Phase One units have demonstrated strong performance, attracting both primary and secondary residents. The complex enjoys a highly desirable location, within walking or biking distance of numerous shops and restaurants, and just minutes from the local hospital and major employers in the Bitterroot Valley. All necessary approvals and permits are in place for the immediate commencement of Phase Two construction. The current developer has completed the extension of Skeels Avenue, enhancing accessibility and providing ample on-street parking for both phases. In total, the development will feature 32 units in Phase Two, plus the remaining 8 units in Phase One, along with shared common areas and additional parking. This turnkey project offers a compelling investment prospect in the picturesque Bitterroot Valley. The address is Phase 2 + Building 6&7 Amusement Avenue, Hamilton, MT 59840.

    Property Features for 2 + Bldg 6&7 Amusement Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • $2,840,000 asking price.
    • Multifamily apartment building investment opportunity in Hamilton, Montana.
    • 32‑unit Phase Two and 8‑unit Phase One expansion of FairPark Townhomes, totaling 40 units.
    • 1.01‑acre lot.
    • Permits and approvals in place for immediate ground breaking on Phase Two.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Ward
    County
    Ravalli
    State
    Montana
    Longitude
    -114.1157562
    Latitude
    46.1535942

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    FAQs

    What type of property is this?
    Multifamily property - 32+ Unit Apartment Development, Prime Location
    Where is this multifamily property located?
    The property is located at 2 + Bldg 6&7 Amusement Ave Ward, MT.
    What is the asking price?
    The asking price for this property is $2,840,000.
    What are key features of this property?
    This property features: $2,840,000 asking price.; Multifamily apartment building investment opportunity in Hamilton, Montana.; 32-unit Phase Two and 8-unit Phase One expansion of FairPark Townhomes, totaling 40 units.
    Request Owner's contact information
    2 + Bldg 6&7 Amusement Ave Ward, MT 59840
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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
    2 + Bldg 6&7 Amusement Ave Ward, MT 59840
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