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Cindy Johnson

Engel & Völkers

cindy.johnson@engelvoelkers.com +1(406) 253-7251

$ 4,500,000

Est. payment -/mo

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2402-2418 Leo AVE Missoula, MT 59808

1.14 Acres Lot

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Key Details

Property Type Commercial

Sub Type Building/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 30079560

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 Building/Land

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.

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

Total Parking Spaces 1

Building

Lot Description Landscaped, Level, Sprinklers In Ground

Foundation Poured

Sewer Public Sewer

Water Public

Others

Tax ID 04220017114030000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by ERA Lambros Real Estate Missoula

Cindy Johnson

Broker License ID: RRE-BRO-LIC-8192

+1(406) 253-7251

Cindy Johnson

2402-2418 Leo AVE Missoula, MT 59808

Key Details

Location

Interior

Exterior

Building

Others

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2402-2418 Leo AVE