128 East Evergreen Drive
- 45 total units: a balanced mix of studio, 1-bed, and 2-bed floor plans
- 6.32% cap rate – strong in-place income with reliable cash flow
- 100% occupancy – proven demand in a growing rental market
- Well-maintained asset with minimal deferred maintenance
- Prime location near major employers, retail centers, schools, and Glacier National Park
- Priced at $10,450,000 – a rare turnkey investment in Northwest Montana
Property Description
Stabilized 45-Unit Multifamily Investment in Kalispell, Montana Offered at $10,450,000 | 100% Occupancy | 6.32% Cap Rate An exceptional opportunity to acquire a high-performing, stabilized 45-unit apartment community in the thriving market of Kalispell, Montana. With a current occupancy of 100% and a solid 6.32% cap rate, this asset offers immediate income and long-term value in a region known for strong rental demand and economic growth. The property features a desirable mix of studio, one-bedroom, and two-bedroom units, designed to attract a diverse tenant base. Each unit offers functional layouts and well-maintained interiors, with professional management in place to ensure smooth operations. With a strong tenant base, professional management, and upside potential through future rent, this property presents a compelling opportunity for both seasoned investors and new entrants to the multifamily market.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $10,450,000 |
| No. of Units: | 45 |
| Average Occupancy: | 6.32 |
| Year Built: | 2023 |
| Lot Size: | 1.56 Acres |
| Opportunity Zone: | No |
| Price per unit: | $232,222 |
| Property Website | Click Here |
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