Modern 6-Unit Residential Investment Property | 2300 McDonald Ave
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Modern 6-Unit Residential Investment Property 2300 McDonald Ave
6 Unit Apartment Building $1,095,470 ($182,578/Unit) 6.49% Cap Rate Missoula, MT 59801
Investment Highlights
- 4-5 Off street dedicated parking spaces with ample additional on-street parking on both Eaton Street & Mcdonald Ave.
- Each unit has designated storage space in the shared on-site shed
- Fully renovated in 2020, all units feature modern amenities such as wood laminate flooring, porcelain tile in bathrooms, energy-efficient heating syst
- Each unit has direct outdoor access & privacy patios
- Bedrooms all have built-ins in the large closets, ceiling fans and large window with blinds included in the sale.
- Centrally located just minutes from grocery stores, restaurants, shopping centers, and other city amenities
Executive Summary
This well-maintained and recently renovated modern 6-unit multi-family property is an excellent investment opportunity, combining steady rental income with a profitable short-term rental unit. Fully renovated in 2020, all units feature modern amenities such as wood laminate flooring, porcelain tile in bathrooms, energy-efficient heating systems, updated cabinetry, and newer appliances and windows. Tenants benefit from their own designated storage space in a secure, shared storage shed, along with access to an on-site shared washer/dryer facility. Centrally located just minutes from grocery stores, restaurants, shopping centers, and other city amenities, the property sits right off the Bitterroot Bike Trail, offering a convenient commuting route through the core of Missoula. See associated docs for brochure, unit floor plans, APOD, etc.
Property Facts
| Price | $1,095,470 | Apartment Style | Low Rise |
| Price Per Unit | $182,578 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.49% | Building Size | 3,406 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1961/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.71/1,000 SF |
| Price | $1,095,470 |
| Price Per Unit | $182,578 |
| Sale Type | Investment |
| Cap Rate | 6.49% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,406 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1961/2020 |
| Parking Ratio | 1.71/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Patio
- Window Coverings
Site Amenities
- Laundry Facilities
- Picnic Area
- Walking/Biking Trails
- Storage Space
- Bicycle Storage
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,167 | 165 |
| 1+1 | 4 | $1,170 | 428 - 443 |
| 2+1 | 1 | $1,510 | 637 |
Bike Score ®
Very Bikeable (88)
zoning
| Zoning Code | C1-4 (Neighborhood Commercial) |
| C1-4 (Neighborhood Commercial) |
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Katie Ward -
Katie L Ward Real Estate
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Modern 6-Unit Residential Investment Property | 2300 McDonald Ave
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