The Towers at 87 North

This premier 2.44-acre multi-use property on Highway 87 offers exceptional income potential with a 6.7% cap rate and $215,000 in annual net operating income. Built by custom home builders, the property reflects superior craftsmanship in every detail. Located at 203 Highway 87, the site comprises seven buildings, including two residential homes (one featuring an Airbnb suite), a medical office building (Peterson Hospital tenant) with three residential lofts above, a charming residential cottage, and three multifamily buildings. Designed to maximize returns, this property offers a variety of income streams from short-term and long-term rentals, as well as commercial tenants. Residential rental rates are currently below market, providing significant opportunity for future growth and increased revenue. With multiple revenue streams and prime highway exposure, this is a rare investment opportunity that combines stability and long-term appreciation potential.
Building 100 has a 388 SF covered porch down and 150 SF upstairs.
Building 300 has 480 SF covered back porch and a 72 SF front porch.
Building 500 has an 80 SF laundry room and there is a contractor bathroom/storage in the common area.
There's tractor barn storage (240 SF) and tool storage in the towers (260) and another 120 SF can all be charged for.