1335 Dakota Street$2,760,000
Missoula, MT
5580.00 SF, 0.28 ACRE
$2,760,000
Property Details
BIG PICTURE
Commercial
5580.00
FT2
0.28
ACRE
Description
A rare opportunity to acquire an established 12-unit condominium portfolio in the heart of Missoula’s highly desirable Riverfront neighborhood. Welcome to the Dakota Green Condominiums! Ideally positioned along the Milwaukee Trail pedestrian corridor, 1335 Dakota St. and 105 Inez St. comprise two well-built, professionally maintained buildings featuring (9) 1-Bed / 1-Bath units (+/- 620 SF) and (3) 2-Bed / 1-Bath units (+/- 860 SF). Originally operated as a multifamily asset, the property has been successfully converted into individual condominium units, creating a compelling dual-strategy investment opportunity. Investors can capitalize on immediate income from in-place leases while executing a phased retail condo sell-off strategy, or alternatively, maintain the asset as a stabilized 12-unit rental property with consistent occupancy and reliable cash flow. The condominium structure provides a unique level of control and flexibility, offering the ability to tailor the HOA and management to align with investment objectives. This opens the door to maximizing resale values, optimizing operating efficiency, or holding long-term as a low-maintenance income-producing asset. Constructed in 2013, both buildings have been well-maintained and offer a desirable mix of features, including on- and off-street parking, shared green space, and front door access to Missoula’s Riverfront amenities, dining, retail, and transit options. The Riverfront location continues to support strong rental demand and resale appeal, reinforcing both exit strategies. With multiple paths to value creation through individual unit sales, immediate cash flow with currently rented units, and long-term appreciation, this offering presents a rare chance to acquire a scalable asset in one of Missoula’s most sought-after submarkets.PRICE
$2,760,000
FEATURES
- MLS #: 30067418
- Lot: 12,023.00 sqft
- Commercial
- Built in 2013
- Cooling: Ductless
- Price/sqft: $494.62
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