MLS # 30016388
507 Bighorn Drive, Thompson Falls, MT 59873

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 Falls.! 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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© 2024 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Listed By: David Bennett, Bennett Homes, Realty & Invest

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