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Thompson Falls,MT 59873
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $159
MLS Listing ID 30016388
Style Multi-Level,Tri-Level
HOA Y/N No
Year Built 1982
Annual Tax Amount $5,000
Tax Year 2023
Lot Size 1.112 Acres
Acres 1.112
Property Description
A very unique opportunity. 6 apartments with a partial basement that probably could be finished for 2 more apartments .This building is energy efficient and has a 100 lb snow load roof to boot. Southern exposure and on a paved road. And zoned Residential "B" multifamily by the City of Thompson Falls.! So when the city completes the sewer here, I believe you will gain at least two more buildings sites and maybe three (situated on acre of land). So you could build more houses or more duplexes or more apartments houses or even some tiny houses! Light covenants. We welcome 1031 TFE! Great bunch of tenants by the way and 5 of the 6 tenants have vouchers funded by the federal gov. For a depreciation write off on your taxes, inflation hedge protector, additional buildings sites and potential expansion . Ca$h Ok or Owners would "carry" with like maybe 30%-50% ish dn. The ROI is about 5.5%, on a very generous budget, if you subtracted the 3 additional bldg. sites from the cost of purchasing. The city sewer project will put this 6 plex on the system probably next year. When that happens there will be at least two more building sites that could then have more housing for the area as this project sits on one plus acres in the city.
Location
State MT
County Sanders
Zoning City
Rooms
Basement Crawl Space
Interior
Heating Radiant Ceiling
Cooling Window Unit(s)
Fireplace No
Appliance Electric Range
Laundry Common Area,In Hall,Main Level
Exterior
Exterior Feature Playground,Rain Gutters
Utilities Available Cable Connected,Electricity Connected,Fiber Optic Available
Waterfront No
Water Access Desc Public
Accessibility Grab Bars,Accessible Approach with Ramp
Building
Entry Level Two
Foundation Poured,Basement
Water Public
Architectural Style Multi-Level,Tri-Level
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 35309104303360000
Security Features Smoke Detector(s),Fire Alarm
Acceptable Financing Cash,Conventional,Owner May Carry
Listing Terms Cash,Conventional,Owner May Carry
Special Listing Condition Standard