Investment Property for Sale at 1400 & 1404 Toole Avenue in Missoula, MT for $1,250,000

1400 & 1404 Toole Avenue | Missoula

$1,250,000

Well cared for 8-plex, separated into two units of four, located within walking distance to St Patrick Hospital, Fresh Market, and other downtown locations. Situated on a bus route with easy access to all areas of Missoula. Each 906 sq ft unit includes 2bds/1ba, an eat-in kitchen and living room. Newer roof, exterior painted in the last 2 years, well maintained landscaping and easy to care for exterior. Units are painted and flooring updated as they come available, but are filled with mostly long term tenants with low rents. One unit recently remodeled throughout, with updated bathroom, flooring, electrical, and kitchen re-fresh that includes paint, new countertops, and new stainless appliances. Should be able to increase rents by 20%. Rent includes trash, lawn maintenance, snow removal and water. Each unit is metered for electricity and gas with individual furnaces. Incredible opportunity for a new owner to continue to enhance individual units for long term growth. MTR 30026641

Directions to property: Heading West on Toole Ave. Property is on the right hand side, at the corner of Toole Ave and Burton St.

MLS Listing ID: 
MTR 30026641
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,250,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
MultiFamily
Primary Market Area: 
Missoula
Address: 
1400 & 1404 Toole Avenue, Missoula, MT 59802, US
County: 
Missoula
Latitude: 
46.8784441
Longitude: 
-114.0112705
Building Details
Details about the building on a property.
Architectural Style: 
Other
Year Built: 
1965
New Construction: 
0
Basement: 
None
Construction
Foundation Details: 
Poured
Roof: 
Asphalt
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: 
Forced Air, Gas
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.27
Lot Size (Area): 
11,687
Waterfront: 
0
Lot Features
Garage: 
0
Public Record
Parcel Number: 
04220016305060000
Property Zoning: 
Residential
Contract Details
Details about the listing contract.
Possession: 
Close Of Escrow
Disclosures: 
Disclosure on File, Lead Based Paint Disclosure, Seller Disclosure
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Tory Dailey
Listing Office Name: 
ERA Lambros Real Estate Missoula