3000 Washburn St Missoula, MT 59801
- Commercial real estate
- 1.37 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3000 Washburn St
- Year built
- 1976
- Lot size
- 1.37 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a well-maintained 25-unit condominium complex situated on a 1.37-acre lot at 3000 & 3100 Washburn Street in the heart of Missoula, Montana. The property is part of a larger 32-unit complex and offers a compelling blend of stability and growth potential. The units are a mix of fully converted condominiums, providing flexibility for various rental strategies, including long-term leases and potential owner-occupancy. This diverse unit mix contributes to a robust and resilient income stream. Residents enjoy the convenience of covered parking and additional off-street parking. The property's central Missoula location provides easy access to a wide array of local amenities, including diverse dining options and vibrant entertainment venues. Its strategic location within a highly desirable neighborhood ensures consistent demand and strong rental rates. This offering represents a significant upside for investors, both experienced and new to the Missoula market, seeking a stable, cash-flowing asset in a thriving area. The asking price for this prime investment property is $3,300,000. This is a rare opportunity to acquire a substantial piece of Missoula's dynamic real estate market. The property's strong fundamentals and desirable location make it an attractive investment for those seeking long-term appreciation and consistent returns.
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
- -114.02
- Latitude
- 46.843
