Property profile

20 3rd W St Havre, MT 59501

OFF-MARKET
Assisted living facilities
Property ID
US52-0557848
58,060 SF 3.2 ac lot Built 1971
Individually Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

Eagles Manor, a 5-story, 58,060+/- sq ft brick assisted living facility in Havre, MT, presents a compelling investment opportunity. This 88-unit property sits on a 3.19-acre lot and boasts a 100% occupancy rate with a waiting list, indicating strong demand. The building features a mix of studio, one-bedroom, and deluxe apartments, all equipped with a bathroom, kitchenette (including electric cooktop, sink, and refrigerator), hot water heat, and central air conditioning. Forty units are HUD-approved. Resident amenities include elevators servicing all five floors and lounge areas on each floor. A spacious 3,950 sq ft cafeteria on the second floor provides daily meals. The property also includes a landscaped courtyard featuring lawn, trees, and flowers. Recent capital improvements include a new roof and an upgraded hot water heating system. Current rents are below market, offering significant potential for increased profitability through future rent stabilization. All furniture, fixtures, and equipment (FF&E) are included in the sale. This turnkey operation is priced at $2,200,000.

Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1971
Construction WOOD
Total area 58,060 SF
Lot 3.2 ac (139,261 SF)
Zoning code COM INTERMEDIATE
APN 12-4441-08-2-01-01-0000
UPID US52-0557848

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Hair Salon Nail Salon
  • Charitable Organization Social Service Agency
  • Computer & Electronic Repair

Location

20 3rd W St Havre, MT 59501-3570
Havre metro Census 40300 HAVRE, MT MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$660k

Owner & transaction history

since 2012
1 recorded transaction
2012
Price N/A

Zoning & alternative use

COM INTERMEDIATE · Havre, MT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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