$795,000
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507 Bighorn Drive Thompson Falls, MT 59873
Apartment
Residence
Beds
Baths
5,000
Sq. Ft.
1.11
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
A very unique opportunity. 6 apartments with a partial basement that probably could be finished for 2 more apartments .This building is energy efficient and has a 100 lb snow load roof to boot. Southern exposure and on a paved road. And zoned Residential "B" multifamily by the City of Thompson Fall...s.! So when the city completes the sewer here, I believe you will gain at least two more buildings sites and maybe three (situated on acre of land). So you could build more houses or more duplexes or more apartments houses or even some tiny houses! Light covenants. We welcome 1031 TFE! Great bunch of tenants by the way and 5 of the 6 tenants have vouchers funded by the federal gov. For a depreciation write off on your taxes, inflation hedge protector, additional buildings sites and potential expansion . Ca$h Ok or Owners would "carry" with like maybe 30%-50% ish dn. The ROI is about 5.5%, on a very generous budget, if you subtracted the 3 additional bldg. sites from the cost of purchasing. The city sewer project will put this 6 plex on the system probably next year. When that happens there will be at least two more building sites that could then have more housing for the area as this project sits on one plus acres in the city.
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MLS#
30016388
Property Type
Apartment
Year Built
1982
Square Feet
5,000
sq. ft
Lot Size
1.11
Sewer
No Sewer
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