For Sale
$1,095,470

2300 Mcdonald AveMissoula, MT 59801

High-yield investment, renovated 6-unit building

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 6-unit apartment building in Missoula, Montana, presents a compelling investment opportunity. Boasting 2,920 square feet on a 7,620 square foot lot, this property offers a strong 6.49% cap rate with a Net Operating Income (NOI) of $71,118. Built in 1961 and extensively renovated between 2019 and 2024 (details in brochure), the building features modern amenities throughout all six units. Upgrades include wood laminate flooring, porcelain tile bathrooms, energy-efficient heating systems, updated cabinetry, and newer appliances and windows. Each unit benefits from a private patio and designated storage in a shared shed. Residents also enjoy access to a shared washer/dryer facility. The property includes 4-5 off-street parking spaces, supplemented by ample on-street parking. Conveniently located near shopping, dining, and the Bitterroot Bike Trail, this property offers both strong rental income potential and a desirable location. Included in the sale are all refrigerators, range ovens, and microwaves. Negotiable items include the shed, picnic table, raised garden beds, furnishings in unit #6 (currently used as a short-term rental), and the shared laundry room washer/dryer. The property is zoned C1-4 Neighborhood Commercial and has a Missoula County APN of 5864628. The address is 2300 McDonald Ave, Missoula, MT 59801. Detailed floor plans and additional property documentation are available. This is a turnkey investment ready for immediate income generation.

Highlights

  • 4-5 off-street parking spaces plus ample on-street parking.
  • Each unit features a private patio.
  • Each unit includes designated storage in a shared shed.
  • Bedrooms offer built-in closet organizers, ceiling fans, and large windows with blinds.
  • All refrigerators, ranges, and microwaves are included.
  • Negotiable items include: shed, picnic table, raised garden beds, Unit #6 furnishings, and shared laundry room washer/dryer.

Property Details for 2300 Mcdonald Ave

Property type
Apartment buildings
Square Feet
2,920 SF
Year Built
1961
Buildings
1
Stories
1
Units
6

Location Insight

City
Missoula
County
Missoula
State
Montana
Latitude
46.839690957772
Longitude
-114.03453422049
2300 Mcdonald Ave, Missoula, Montana

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2300 Mcdonald Ave
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