1910 Strand Ave Missoula, MT 59801
- Apartment buildings
- 11,000 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1910 Strand Ave
- Year built
- 2024
- Property size
- 11,000 SF
- Property type
- Apartment buildings
Description
This exceptional Class A, 13-unit apartment building in Missoula, Montana, presents a compelling investment opportunity. Boasting 11,000 square feet on a 12,800 square foot lot, this 3-story building, constructed in 2024, offers 9,500 square feet of net rentable space. Currently operating at 100% occupancy since June 1st, 2024, it generates a strong NOI of $212,000, resulting in a 5.65% cap rate. The asking price is $3,999,900, translating to $307,685 per unit and $363.63 per square foot. Each unit features high 9-foot ceilings and spacious floor plans. The building includes 14 parking spaces, secured entry doors, and interior storage. Conveniently located near Southgate Mall and Tremper's Shopping Center, this property benefits from its proximity to Missoula's amenities and services. The RM-45 zoning designation ensures future flexibility. Landscaping will be completed upon favorable weather conditions. This stabilized investment is ideal for those seeking a high-performing asset in a thriving Montana market. The building consists of one structure.
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
- Missoula
- County
- Missoula
- State
- Montana
- Longitude
- -114.027
- Latitude
- 46.8545
