0 Nhn Montana AveMissoula, MT 59802

This exceptional investment opportunity in Missoula, Montana, presents a unique blend of established income and significant development potential. Priced at $970,000, the property encompasses 0.88 acres of land, strategically located just seven minutes from downtown Missoula and the University of Montana campus. The offering includes two existing single-family homes, each boasting two bedrooms and one bathroom, currently generating rental income. One home even features a lower-level mother-in-law suite with a private bath and separate entrance, enhancing rental flexibility. Adding to the income stream is an adjacent mobile home park with nine leased lots, the majority of which are currently occupied. The property's 1,647 square feet of existing building space, built in 1940, provides a solid foundation for continued rental operations. The 8 separate lots offer considerable potential for future development or expansion, capitalizing on the property's prime location near the university and the city center. This presents a rare chance to acquire a multi-faceted income-producing asset with substantial upside potential in a thriving Montana market. The current owner demonstrates a proven track record of generating a positive return, but significant opportunities exist to further optimize income and enhance the property's overall value. This is an ideal investment for those seeking a blend of immediate cash flow and long-term growth prospects.