839 Brooks Street$1,400,000
Missoula, MT
5640.00 SF, 0.36 ACRE
$1,400,000
Property Details
BIG PICTURE
HOME
5640.00
FT2
0.36
ACRE
Description
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.PRICE
$1,400,000
FEATURES
- MLS #: 30074844
- Lot: 15,594.00 sqft
- Single-Family
- Built in 1951
- Heating: Electric, Forced Air
- Price/sqft: $248.23
Listing information is Copyright 2022 Montana Regional MLS. Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified.