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    Apartment buildings

    8 Fletching Way, Belgrade, MT 59714

    1 SF 0.43 ac lot Built 2024
    Property ID
    Property summary
    AI-generated overview

    Exceptional investment opportunity in Belgrade, Montana's thriving Jackrabbit Reserve community. This shovel-ready lot (Lot 8, Fletching Way) is zoned B2 - Community Business and offers a unique six-plex development, perfectly situated near Belgrade's town center. The property encompasses 0.43 acres and features 14 buildings, each designed with a live/work concept. Each of the six units boasts over 1200 square feet of main-level shop space, complemented by a luxurious 2-bedroom, 2-bathroom residence above. Built in 2024, this two-story apartment building presents a remarkable opportunity for significant rental income. The property benefits from convenient access to city services, I-90, Bozeman Yellowstone International Airport, and local amenities. The surrounding area includes a public trail system, enhancing the desirability of this exceptional live/work community. Consider purchasing the neighboring Lot 7 to expand your investment to a twelve-plex. This is a rare opportunity to capitalize on Belgrade's continued growth and the high demand for live/work spaces. The asking price is $3,995,000.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 2024
    Total area 1 SF
    Lot 0.43 ac (18,731 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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