1521 1st Avenue$2,500,000
Great Falls, MT
7512.00 SF, 1.19 ACRES
$2,500,000
Property Details
BIG PICTURE
Commercial
7512.00
FT2
1.19
ACRES
Description
Outstanding investment opportunity featuring a recently repositioned hospitality asset with strong in-place income and future upside. Originally constructed as a motel in 1954, the property was thoughtfully converted in 2025 into 23 Single Room Occupancy (SRO) units designed to accommodate both short-term and long-term tenants—creating diversified revenue streams and consistent demand. The property offers 23 private units, each with its own bathroom, and four units are equipped with convenient kitchenettes. Since commencing operations in October 2025, occupancy has remained strong, demonstrating solid market demand and operational stability. The seller is offering a three-month "rent guarantee" with a full-price offer, adding an additional layer of security for investors. With a projected Net Operating Income of $181,000, this asset presents an attractive return. Exterior painting is currently underway. Seller will consider carrying short-term financing for qualified buyers.PRICE
$2,500,000
FEATURES
- MLS #: 30066298
- Lot: 51,880.00 sqft
- Commercial
- Built in 1954
- Price/sqft: $332.80
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