507 Bighorn Dr, Thompson Falls, Montana, United States

Report Listing

Home For Sale

$795,000

507 Bighorn Dr
Thompson Falls, Montana, United States

Listed By: Realtyww Info

Listed On: 07/19/2024

Listing ID: GL11906510 View More Details

Description

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 (sits on acre of land). So you could build more houses or more duplexes or more apartments houses or even some tiny houses! 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 4%, on a very generous budget, but coupled with more building sites; a great investment in my opinion. 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.

For more details:

Listed by: Bennett, David