2402-2418 Leo Avenue, Missoula, MT 59808

$4,500,000

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List Price
$4,500,000
Status
ACTIVE
MLS#
30079560
Year Built
2000
Acres
1.14

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. Also listed as Multi-Family MLS# 30079559.

Additional Information

Heating
Forced Air, Gas
Roof
Asphalt
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Rick Meisinger | rick@rickmeisinger.com from Listing Office: ERA Lambros Real Estate Missoula.

board logoIDX information provided courtesy of the Montana Regional MLS, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.