Eagles Manor 20 W 3rd St
88 Unit Apartment Building $2,200,000 ($25,000/Unit) Havre, MT 59501
INVESTMENT HIGHLIGHTS
- 88 units, offering a mix of studio, 1 bedroom and deluxe apartments.
- 40 of the units are HUD-approved.
- On the second floor, the 3,950 sq ft cafeteria provides daily meals.
- All units have a bathroom and kitchen area with electric cooktop, sink, refrigerator, hot water heat and central air conditioning.
- Each floor is accessed by an elevator and features a lounge area for the residents' use.
- The structure is a 5 story, 58,000+/- sq ft brick building constructed on 3 acres which includes a courtyard with landscaped lawn, trees, and flowers.
EXECUTIVE SUMMARY
Located in Havre, Montana, Eagle Manor is operated as an assisted living facility that is comprised of 88 units, offering a mix of studio, 1 bedroom and deluxe apartments. All units have a bathroom and kitchen area with electric cooktop, sink, refrigerator, hot water heat and central air conditioning. 40 of the units are HUD-approved. Each floor is accessed by an elevator and features a lounge area for the residents' use. On the second floor, the 3,950 sq ft cafeteria provides daily meals. The structure is a 5 story, 58,000+/- sq ft brick building constructed on 3 acres which includes a courtyard with landscaped lawn, trees, and flowers. Occupancy is 100% with a waiting list. Rents are below market and further stabilization can be implemented to enhance investment returns. The roof has been recently replaced and the hot water heating system has been upgraded. ALL FFE conveys to buyer.
PROPERTY FACTS Under Contract
| Price | $2,200,000 |
| Price Per Unit | $25,000 |
| Sale Type | Investment |
| Sale Condition | REO Sale |
| No. Units | 88 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | B |
| Lot Size | 3.20 AC |
| Building Size | 58,060 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1971 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Heating
- Security System
- Kitchen
- Refrigerator
- Tub/Shower
- Carpet
- Yard
- Dining Room
- Handrails
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Courtyard
- Elevator
- Lounge
- Meal Service
1 of 1
PROPERTY TAXES
| Parcel Number | 12-4441-08-2-01-01-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,624,187 |
