237 Higgins Ave Missoula, MT 59803
- Office Properties & Spaces
- 2,736 SF
Current Use by Public Records
- Smile Missoula / Dentist
- Dr. George M. Olsen, DDS / Dentist
- Althauser Andrew DDS / Dentist
- Edward Jones - Financial Advisor: Marin L Felz / Finance Broker / Investment Service
- Missoula Veterinary Dentistry & Oral Surgery / Veterinarian
Property Details for 237 Higgins Ave
- Year built
- 2006
- Construction
- WOOD
- Property size
- 2,736 SF
- Property type
- Office Properties & Spaces
- APN
- 04-2200-33-4-19-07-7003
- APU
- 4220033419077003
Description
This exceptional mixed-use investment opportunity presents two leased condominiums at 237 SW Higgins Avenue A and B in Missoula, Montana, 59803. Offered at $1,250,000, this property boasts a combined square footage of 2,840 on a large lot with ample parking. Built in 2006, the building is in excellent condition and features a basement with an elevator and stairs, providing equipment and storage space. Each unit has its own hot water equipment located in the basement. Both units are currently under long-term leases with annual escalators, ensuring consistent and growing rental income. The current annual income exceeds $60,800, with tenants responsible for their share of common area charges. The seasoned tenants provide a stable and reliable income stream. This property's prime location in Missoula, Montana, combined with its strong financial performance and excellent condition, makes it an ideal investment for discerning buyers seeking a secure and profitable venture. The lot size encompasses both condominiums.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Missoula
- County
- Missoula
- State
- Montana
- Longitude
- -113.999
- Latitude
- 46.8402
- CBSA code
- 33540
- CBSA name
- MISSOULA, MT METROPOLITAN STATISTICAL AREA
