Investment Property for Sale at 919 Mineral Avenue in Libby, MT for $1,800,000

919 Mineral Avenue | Libby

$1,800,000

Be the first to scoop up this apartment complex with incredible potential right downtown! This unique apartment complex, formerly a motel, offers a fantastic investment opportunity with immense potential for upgrades and renovations. Situated in a prime location, you’ll have easy access to parks and local attractions. There is a Manager’s Quarters on-site: Ideal for on-site management or additional rental income. These spacious units and roomy layouts can be transformed into modern living spaces. With some repairs and renovations, you can enhance the property’s value and appeal. This property is somewhat of a blank canvas, ready for your vision. Whether you want to renovate and increase rental income or convert the space for a different purpose, the possibilities are endless. The unfinished basement in both buildings offers even more potential for rentable space. More pictures coming soon. Cap rate is 4%. Contact Ashley Miner at 406-293-0951, or your real estate professional. MTR 30034568

Directions to property: Head southeast on W 9th St toward California Ave 387 ft Turn right after Subway (on the left) Destination will be on the right 246 ft

MLS Listing ID: 
MTR 30034568
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,800,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
MultiFamily
Primary Market Area: 
Libby
Address: 
919 Mineral Avenue, Libby, MT 59923, US
County: 
Lincoln
Latitude: 
48.3873047
Longitude: 
-115.5553649
Building Details
Details about the building on a property.
Architectural Style: 
Split Level
Year Built: 
1946
New Construction: 
0
Basement: 
Unfinished
Construction
Foundation Details: 
Poured, Basement
Roof: 
Metal
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Baseboard, Electric
Cooling System: 
Wall Unit(s)
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.22
Lot Size (Area): 
9,540
View: 
City
Waterfront: 
0
Lot Features
Garage: 
20
Public Record
Parcel Number: 
56417503318090000
Contract Details
Details about the listing contract.
Disclosures: 
Disclosure on File, Seller Disclosure
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Ashley Miner
Listing Office Name: 
CENTURY 21 Summit Realty