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2402-2418 Leo Avenue

Missoula, MT 59808

$4,800,000
Residential Listing
16,568 SqFt

Summary

This package of nine duplexes (18 total units) in a designated Opportunity Zone offers incredible potential for cash flow and long-term appreciation. Each unit features 2 bedrooms, 1.5 bathrooms, a detached garage, private laundry, and outdoor living space. Three units have been fully remodeled, and all buildings and garages have just been freshly painted, giving the property a clean, updated look. The condo declaration is complete and just needs final sign-off, giving you the freedom to continue operating as a multifamily rental or sell the units individually as condominiums. The highly flexible exit strategy makes this a smart play in any market. Located in a growing, high-demand area of Missoula with convenient access to shopping, schools, and transit, this property has strong tenant appeal and rental upside. Whether you're a buy-and-hold investor looking for steady returns or a developer ready to capitalize on the condo market, this asset checks every box.

Details

  • Approx Sq Feet
    16,568
  • Type
    Apartment
  • Garage
    1
  • Price / Sq Feet
    $289.72
  • Year Built
    2000
  • Lot Size
    1.14 AC
  • Levels
    Two
  • Heating
    Forced Air
  • View
    Mountain(s), Residential
  • Community
    Missoula
  • Utilities
    Electricity Connected, Natural Gas Connected, High Speed Internet Available, Phone Available
  • Days on Market
    14
  • Listing Courtesy of
    ERA Lambros Real Estate Missoula
  • MLS #
    30047263

Location

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ERA® and the ERA Logo are registered service marks owned by ERA Franchise Systems LLC. Robyn L. Erlenbush Real Estate, P.C. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to ERA Franchise Systems LLC nor any of its affiliated companies. © 2019 Robyn L. Erlenbush Real Estate, P.C. All rights reserved.

All property data and market statistics are pulled from Big Sky Country MLS.

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