2329 Fairview Ave - Multi-Family FOR SALE


Missoula, MT 59801
$737,000 USD
406-596-4000
2329 Fairview Ave, Missoula, MT for Sale
$737,000 USD
Multi-Family - FOR SALE
1/57
null | Request Cap Rate

2329 Fairview Ave
Missoula, MT 59801


HIGHLIGHTS

  • (3) Two-Bedroom One-Bath Units + Shared Laundry/Mech./Storage
  • 100% Tenant Occupancy - Units 1 & 2 on month-to-month lease, Basement unit on 1 Year lease ending 6/01/26
  • 6-7 Off street dedicated parking spaces on asphalt paved parking lot with ample additional on-street parking.
  • Each unit is individually metered for electric and has a designated 50 gal water heater tank. Forced air heat is controlled separately through a centr

OVERVIEW

This charming triplex property in the Franklin to the Fort neighborhood is an excellent investment opportunity, with steady rental income and long-term tenants. Centrally located just minutes from grocery stores, restaurants, shopping centers, and the Bitterroot Bike Trail, offering a convenient commuting and recreation route through the core of Missoula. Comprised of three spacious 2-bed, 1-bath units, boasting large windows and natural sunlight, ample storage and shared washer/dryer facilities with additional storage in the basement. Each unit benefits from covered entrances, on-site designated parking spaces, direct access to a large shared backyard & covered patio. Mature landscaping enhances year-round curb appeal and privacy. There may also be opportunities to add density on the large lot, currently zoned as RM2.7 with a place type designation of Urban Residential High. See associated documents for the Brochure, APOD, and additional information. RENOVATIONS: 2024 - Replaced Water Heater for One Unit 2023 - Roofing Updated w/ GAF Coating & New Flashing/Trims 2017 - Deck Structure Reinforced & Refinished Wood Flooring in Unit 2

FOR SALE DETAILS

PRICE

$737,000 USD

PRICE/SF

$219 USD /SF

# OF UNITS

3

PRICE/UNIT

$245,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MULTIFAMILY INVESTMENT PROPERTY | 3 UNIT

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,525 SF

ZONING

RM2.7

APN/PARCEL ID

04-2200-32-2-41-60-0000,184500

ASK ABOUT THIS PROPERTY

Katie WardKatie L Ward Real EstateMore Info
406-596-4000

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Katie WardKatie L Ward Real EstateMore Info
406-596-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.