Excellent Investment Opportunity! This centrally located 8-unit apartment building offers a strong rental history and consistent occupancy in a highly desirable central Missoula location. The property consists of seven 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, providing a desirable unit mix with below-market rents, offering excellent upside potential for future income growth.
Tenants enjoy the convenience of a common coin-operated laundry facility and easy access to shopping, dining, public transportation, and major employers. Outdoor recreation is just a block away at Splash Montana Waterpark and Playfair Park, featuring a 1.3-mile walking path, expansive green space, tennis courts, baseball and softball fields, soccer fields, basketball and volleyball courts, playgrounds, and picnic areas. The University of Montana is also just a short drive away. Major capital improvements include a new roof (2026), new boiler (2017), and new water heater (2017), helping reduce near-term maintenance costs and providing added value for investors.