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$ 4,800,000

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2402-2418 Leo AVE Missoula, MT 59808

16,568 SqFt

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Key Details

Property Type Commercial

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 16,568 sqft

Price per Sqft $289

MLS Listing ID 30047268

HOA Y/N No

Year Built 2000

Annual Tax Amount $36,826

Tax Year 2024

Lot Size 1.137 Acres

Acres 1.137

Property Sub-Type Duplex

Property Description

This rare offering includes nine well-maintained duplexes' total of 18 spacious 2 bed, 1.5 bath units, each with its own detached garage. This multifamily property is cash-flow ready with established tenants and strong rental history, making it ideal for both seasoned investors and those looking to expand their portfolio. What truly sets this property apart is its flexible exit strategy: the condo declaration has been completed and is simply awaiting final sign-off. This allows you to continue operating as a multifamily income property or sell the units off individually as condominiums, opening the door for significant profit potential through retail sales. Each unit offers a functional layout with open living spaces, private laundry, and outdoor patios or green space, enhancing tenant appeal and retention. The detached garages add further value, whether used for parking or extra storage. Located in a desirable, high-demand area with easy access to amenities, transit, and schools, this property provides both immediate income and long-term upside. Don't miss this unique opportunity to own a turn-key investment with built-in flexibility. Call today for a private tour or financials package.

Location

State MT

County Missoula

Zoning RM1-45

Interior

Heating Forced Air, Gas

Fireplace No

Exterior

Parking Features Additional Parking, On Street

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available

View Y/N Yes

Water Access Desc Public

View Mountain(s), Residential

Roof Type Asphalt

Present Use Multi-Family

Total Parking Spaces 1

Building

Lot Description Landscaped, Level, Sprinklers In Ground

Dwelling Type Duplex,Multi Family

Foundation Poured

Sewer Public Sewer

Water Public

Others

Tax ID 04220017114030000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by ERA Lambros Real Estate Missoula

Courtney Ferguson

Team Lead | License ID: RRE-BRO-LIC-108835

+1(406) 830-5474 | home@courtney-ferguson.com