Property summary
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 profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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