Be the first to scoop up this apartment complex with incredible potential right downtown! This unique apartment complex, formerly a motel, offers a fantastic investment opportunity with immense potential for upgrades and renovations. Situated in a prime location, you’ll have easy access to parks and local attractions. There is a Manager’s Quarters on-site: Ideal for on-site management or additional rental income. These spacious units and roomy layouts can be transformed into modern living spaces. With some repairs and renovations, you can enhance the property’s value and appeal. This property is somewhat of a blank canvas, ready for your vision. Whether you want to renovate and increase rental income or convert the space for a different purpose, the possibilities are endless. The unfinished basement in both buildings offers even more potential for rentable space. More pictures coming soon! Cap rate is 4%. Contact Ashley Miner at 406-293-0951, or your real estate professional.
MLS# | 30034433 |
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Listing Type | For Sale |
Building Name | Granite Apartments |
Sub-Type | Resale |
Status | Active |
Year | 1946 |
Days On Site | 126 |
Listing Provided By | CENTURY 21 Summit Realty | Ashley Miner |
SQ Feet | 5,360 |
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Basement | Y |
Acreage | 0.22 |
Property View | Yes |
State | MT |
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County | Lincoln |
City | Libby |
Zip Code | 59923 |
Listing VS Median (in 59923) | |
Price: $1,800,000 low | high Med: $470,000 SqFt: 5,360 low | high Med: 2,029 $ / SqFt: $336 low | high Med: $250 On Site: 126 low | high Med: 58.500000 |