ATTENTION Investors and Developers: Income Producing 6 Plex + Extra Lot with Development Potential!
Exceptional investment opportunity in the heart of Missoula! This thoughtfully designed 6-plex features six spacious 1-bedroom, 1-bathroom units, each offering both private interior and exterior access for added convenience and tenant appeal. The property is currently generating $6,100 per month in rental income with one vacant unit. Leasing the vacant unit brings projected gross monthly income to approximately $7,400. The property also includes a detached two-bay garage, currently rented, providing an additional source of income.
The offering also includes a separate lot currently utilized for tenant parking, creating significant upside beyond the existing income stream. Based on a market development study by IMEG Engineering, the extra lot may support a variety of development strategies, including a two-story 8-plex, TED development, formal subdivision, boundary line relocation, condominium conversion, or other redevelopment options. Buyers should verify all zoning, entitlements, and development potential with the City of Missoula.
Whether held as a stabilized income property, repositioned through operational improvements, or leveraged for future redevelopment, this asset presents a compelling combination of current cash flow, expansion potential, and long-term appreciation in a high-demand Missoula location.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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