For Sale
$1,800,000

919 Mineral AveLibby, MT 59923

15-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 15-unit apartment complex, located at 919 Mineral Ave, Libby, MT 59923, presents a compelling investment opportunity. Formerly a motel, this property offers significant potential for renovation and value enhancement. The complex boasts spacious units with roomy layouts, ripe for modernization and increased rental income. A manager's quarters is included on-site, ideal for on-site management or as an additional rental unit. The property's prime downtown location provides easy access to local parks and attractions. Both buildings feature an unfinished basement, presenting further potential for development and additional rentable space. The current cap rate is 4%. This multifamily property, categorized as both apartment building and commercial, is listed at $1,800,000. The property is a blank canvas, ready for your vision, whether that involves renovations to increase rental income or conversion to a different use. More photos are forthcoming.

Highlights

  • 15-unit apartment complex in Libby, MT, offering significant renovation potential.
  • Spacious units with room for modernization and increased rental income.
  • On-site manager's quarters, usable as an additional rental unit.
  • Prime downtown location near parks and attractions.
  • Unfinished basements in both buildings offer expansion opportunities.
  • 4% cap rate, listed at $1,800,000.

Property Details for 919 Mineral Ave

Property type
Land, Apartment buildings
Units
15

Location Insight

City
Libby
County
Lincoln
State
Montana
Latitude
48.3873774
Longitude
-115.5552791
919 Mineral Ave, Libby, Montana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
919 Mineral Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message