121 Iowa Ave Whitefish, MT 59937
- Commercial real estate
- 16,624 SF
- 1.03 lot acres
Current Use by Public Records
- Cal State Development, Inc. / Consultant
- Grizzly Peaks Condominums / Apartment Building
Property Details for 121 Iowa Ave
- Year built
- 2002
- Lot size
- 1.03 lot acres
- Property size
- 16,624 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 32-unit condo complex ideally situated in Whitefish, Montana. Boasting a prime location within walking distance of Whitefish Lake and minutes from Whitefish Mountain Ski Resort, this property offers unparalleled convenience and access to recreational activities. The complex comprises 30 one-bedroom, one-bathroom units, one three-bedroom, one-bathroom unit, and a dedicated laundry room generating additional income via four coin-operated washers and dryers. Currently, 30 units are rented, with two units undergoing remodeling for completion in May 2024, and one unit serving as a property management office. The property includes 61 parking spaces and an eight-car heated garage, providing ample parking for residents and guests. The 16,624 square foot complex sits on a 1.03-acre lot. All units feature electric baseboard/radiant heat. The sale includes the transfer of the HOA presidency to the buyer. Detailed financial information and a complete list of furnishings, fixtures, and equipment are available in the attached documents. Assessor numbers for the individual condos are available upon request. This is a rare opportunity to acquire a well-established, high-occupancy income-generating property in a highly desirable location. The property's strong rental history and prime location make it an attractive investment for discerning buyers.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Whitefish
- County
- Flathead
- State
- Montana
- Longitude
- -114.343
- Latitude
- 48.4164
