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    2 Competition Phase 2 Hamilton, MT 59840

    Sponsored
    For Sale
    $1,920,000

    32-Unit Apartment Complex, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 32-unit apartment building in Hamilton, Montana's desirable FairPark development. Phase Two is ready for immediate development, with all necessary approvals and permits already secured. Building on the success of the highly sought-after Phase One units, which are popular as both primary and secondary residences, this project offers significant potential for strong returns. The property boasts a central location within walking or biking distance of numerous shops, restaurants, and the local hospital, providing convenient access to amenities and major employers in the Bitterroot Valley. The developer has completed the extension of Skeels Avenue, enhancing accessibility with added on-street parking for both phases. This turnkey project includes common areas and ample parking, making it an ideal acquisition in the beautiful Bitterroot Valley. The 0-acre lot is situated in Ravalli County, Montana, with a zip code of 59840. The asking price for this multifamily property is $1,920,000. Don't miss this chance to capitalize on a thriving market and a well-planned development.

    Property Features for 2 Competition Phase 2

    General Information

    Property type
    Multifamily properties

    HighLights

    • $1,920,000 asking price.
    • Multifamily apartment building (duplex/triplex/quadruplex).
    • Located in Hamilton, MT, 59840.
    • 32 units total.
    • Permits and approvals in place, ready for ground breaking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Hamilton
    County
    Ravalli
    State
    Montana
    Longitude
    -114.1435231
    Latitude
    46.2052709

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    FAQs

    What type of property is this?
    Multifamily property - 32-Unit Apartment Complex, Prime Location
    Where is this multifamily property located?
    The property is located at 2 Competition Phase 2 Hamilton, MT.
    What is the asking price?
    The asking price for this property is $1,920,000.
    What are key features of this property?
    This property features: $1,920,000 asking price.; Multifamily apartment building (duplex/triplex/quadruplex).; Located in Hamilton, MT, 59840.
    Request Owner's contact information
    2 Competition Phase 2 Hamilton, 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 Competition Phase 2 Hamilton, MT 59840
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