Homes for sale - 507 Bighorn DR, Thompson Falls, MT 59873

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$ 795,000

Est. payment -/mo

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Active

507 Bighorn DR Thompson Falls, MT 59873

5,000 SqFt

UPDATED:

12/19/2024 08:16 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,000 sqft

Price per Sqft $159

MLS Listing ID 30016388

Style Multi-Level,Tri-Level

HOA Y/N No

Year Built 1982

Annual Tax Amount $5,000

Tax Year 2023

Lot Size 1.112 Acres

Acres 1.112

Property Description

A very unique opportunity. 6 apartments with a partial basement that probably could be finished for 2 more apartments .This building is energy efficient and has a 100 lb snow load roof to boot. Southern exposure and on a paved road. And zoned Residential "B" multifamily by the City of Thompson Falls.! So when the city completes the sewer here, I believe you will gain at least two more buildings sites and maybe three (situated on acre of land). So you could build more houses or more duplexes or more apartments houses or even some tiny houses! Light covenants. We welcome 1031 TFE! Great bunch of tenants by the way and 5 of the 6 tenants have vouchers funded by the federal gov. For a depreciation write off on your taxes, inflation hedge protector, additional buildings sites and potential expansion . Ca$h Ok or Owners would "carry" with like maybe 30%-50% ish dn. The ROI is about 5.5%, on a very generous budget, if you subtracted the 3 additional bldg. sites from the cost of purchasing. The city sewer project will put this 6 plex on the system probably next year. When that happens there will be at least two more building sites that could then have more housing for the area as this project sits on one plus acres in the city.

Location

State MT

County Sanders

Zoning City

Rooms

Basement Crawl Space

Interior

Heating Radiant Ceiling

Cooling Window Unit(s)

Fireplace No

Laundry Common Area, In Hall, Main Level

Exterior

Exterior Feature Playground, Rain Gutters

Utilities Available Cable Connected, Electricity Connected, Fiber Optic Available

Water Access Desc Public

Accessibility Grab Bars, Accessible Approach with Ramp

Building

Entry Level Two

Foundation Poured, Basement

Water Public

Architectural Style Multi-Level, Tri-Level

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 35309104303360000

Security Features Smoke Detector(s),Fire Alarm

Acceptable Financing Cash, Conventional, Owner May Carry

Listing Terms Cash, Conventional, Owner May Carry

Special Listing Condition Standard

Listed by Bennett Homes, Realty & Invest

Kevin Knapp

CEO/Broker Owner | License ID: 41470

+1(406) 871-7200