808 + 812 Ash Street
Property Description
Generous price improvement! At $1595000, the Cap Rate is at 6.65 offering a great investment return. This thoughtfully designed 6-unit, multifamily property offers a rare blend of investment potential and comfortable owner living. The property includes five 1-bed/1-bath units along with a spacious 3-bed/2-bath owner's suite featuring upscale, luxury finishes. The four-story property is configured across two buildings-a beautifully remodeled duplex in front and a second building in back with three additional units plus the owner's residence. Recently completed through a full-to-the-studs renovation and new construction, every unit has been tastefully finished with modern updates throughout. The owner's suite offers elevated design and comfort, perfect for those looking to live on-site while generating rental income. Ideally located in the heart of Missoula, the property sits right next to the Milwaukee Bike Trail and just minutes from the University of Montana, downtown shops, restaurants, and amenities. With three garage spaces, strong rental appeal, and a fully turnkey setup, this is an exceptional live-in income property or addition to any investment portfolio. Each rental unit is individually metered and consists of a spacious ~600+ sq ft area with new appliances, separate wall-mounted heating and cooling systems, and ample space for your tenants. All 5 units are currently rented for approximately $1300. The owners suite is now rented for $3300/mo bringing total rents to $9800/mo. By applying these fair rents and using them as an Airbnb, the rentals are generating between $6000-$12000 per month. Two units will be sold fully furnished. Zoning allows for 2 Airbnb units on the property if desired to be used as such. The owner's suite is a GEM! The entry floor offers two ample-sized bedrooms and a very luxurious bathroom consisting of a large soaking tub, 5-person cedar sauna, and incredible rock tile work. Once upstairs you will be presented with high-end finishes, a wonderful open floor plan for your daily living and a 660 sq ft rooftop deck that offers views of just about every prominent landmark surrounding Missoula...truly unparalleled! The fourth floor is a cozy lofted bedroom space that again offers great views along with a cozy place to sleep.Broker Details
Glacier Sotheby's International Realty (406) 250-7208
MLS ID: mt.545050559 State License Number: RRE-RBS-LIC-62894
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,595,000 |
| No. of Units: | 6 |
| Year Built: | 1940 |
| Opportunity Zone: | No |
| Price per unit: | $265,833 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-MWMTAR-30066869
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