For Sale
$1,250,000

237 Higgins AveMissoula, MT 59803

Two leased condos, excellent income, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use investment opportunity presents two leased condominiums at 237 SW Higgins Avenue A and B in Missoula, Montana, 59803. Offered at $1,250,000, this property boasts a combined square footage of 2,840 on a large lot with ample parking. Built in 2006, the building is in excellent condition and features a basement with an elevator and stairs, providing equipment and storage space. Each unit has its own hot water equipment located in the basement. Both units are currently under long-term leases with annual escalators, ensuring consistent and growing rental income. The current annual income exceeds $60,800, with tenants responsible for their share of common area charges. The seasoned tenants provide a stable and reliable income stream. This property's prime location in Missoula, Montana, combined with its strong financial performance and excellent condition, makes it an ideal investment for discerning buyers seeking a secure and profitable venture. The lot size encompasses both condominiums.

Highlights

  • Exceptional mixed-use investment opportunity in Missoula, MT.
  • Offered at $1,250,000, this property features two leased condos totaling 2,840 square feet.
  • Located on a large lot with ample parking, the 2006-built building is in excellent condition.
  • Features a basement with elevator, stairs, and individual hot water equipment for each unit.
  • Both units have long-term leases with annual rent escalations, generating over $60,800 in annual income.

Property Details for 237 Higgins Ave

Property type
Mixed-use properties
Year Built
2006
Units
2

Location Insight

City
Missoula
County
Missoula
State
Montana
Latitude
46.8401605
Longitude
-113.9991904
237 Higgins Ave, Missoula, Montana

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237 Higgins Ave
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