426 Colbalt DrKalispell, MT 59901

  • Other commercial real estate
  • 28,265 SF
For Sale
$7,500,000 View listing

Property Details for 426 Colbalt Dr

Year built
2024
Lot size
0.91 AC
Property size (Sq ft)
28,265 SF
Property type
Other commercial real estate
Property subtype
Multifamily properties

Description

This exceptional new construction apartment building, completed in 2024, presents a compelling investment opportunity in Kalispell, Montana. Located at 426 Colbalt Drive, this three-story, 28,265 square foot property boasts 24 units, offering a mix of one-bedroom/one-bathroom, two-bedroom/one-bathroom, and two-bedroom/two-bathroom floor plans. The property sits on a 0.91-acre lot zoned RA-1/PUD, providing excellent potential for future development or expansion. The building's prime location on the south end of Kalispell, just off the bypass and within a minute of Rankin Elementary, ensures high occupancy rates. A nearby playground enhances the property's appeal. Currently, units are already being leased, and a property management company is in place, streamlining operations. The asking price is $7,500,000, translating to $312,500 per unit and a price per square foot of $265.35. The pro-forma NOI is $378,472, representing a 5.05% cap rate. This turnkey investment offers immediate cash flow and significant long-term growth potential in a thriving Montana market. The property is conveniently located near amenities and benefits from its proximity to a local elementary school.

426 Colbalt Dr, Kalispell, Montana

Location Insight

City
Kalispell
County
Flathead
State
Montana
Latitude
48.1678
Longitude
-114.309

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].