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281 1st Avenue WN

Kalispell, MT 59901
  • $2,495,000
  • STATUS: Active
  • ON SITE: 73 Days
  • MLS #: 22210463
Price Reduced
UPDATED: 62 min ago
$2,495,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,020
    SQFT
  • $621
    $/SQFT
Type:
Multi-Family
Built:
2006
County:
Area:

School Ratings & Info

School District:

Description

Mixed use building with six luxury residential suites and two office suites located in the heart of Kalispell, Montana, a gateway community to Glacier National Park. 4.5 cap rate can go higher. Original architect has recently completed building plans for converting office spaces into two more residential suites for a total of eight resident suites. This could potentially increase income by 20% or more. Six residential suites are fully furnished including equipped kitchens, large bedrooms with king size beds, family rooms with sleeper sofa beds. Security cameras and keyless electronic locks on all guest doors. Original owner/seller has operated business as boutique/extended stay hotel for 14 years. Call Kent Lembke 406-250-2809 or your real estate professional. Broker owned.Advertising done through proprietary website, OTAs, and Discover Kalispell Visitors Bureau. High Google Search position. Located close to Logan Health formerly KRMC) and walking distance to Historic Downtown Kalispell with easy access to restaurants, breweries, shopping, Famous Moose's Saloon, golf courses, fitness centers, and nearby newly constructed bike/pedestrian pathway. Centrally located in the Flathead Valley near the resort town of Whitefish and Glacier National Park. Lodging business caters to seasonal tourists as well as extended stay guests such as traveling nurses/doctors, and other medical, business professionals. Also, substantial business from people in housing transition situations. Potential for more income based on a business model utilizing OTAs. All information contained herein is gathered from sources deemed reliable however, it is not guaranteed by Broker or Smart Seller Systems, LLC dba America Interactive Real Estate. Offering is subject to error, omissions, prior sale, change or withdrawal w/out notice & approval of the purchase with the owner. Seller is licensed RE Broker in MT and AZ.

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© 2022 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data last updated: 2022-09-30T21:19:19.723.
www.whitefishescapesrealty.com/homes/131013083
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281 1st Avenue WN Kalispell, MT 59901

  • Price: $2,495,000
  • Status: Active
  • On Site: 73 Days
  • Updated: 62 min ago
  • MLS #: 22210463
0
Beds
0
Baths
0
½ Baths
0.16
Acres
4,020
SQFT
$621
$/SQFT
2006
Built
County:
Flathead
Area:
Kalispell
School District:
District No. 5
Property Description
Mixed use building with six luxury residential suites and two office suites located in the heart of Kalispell, Montana, a gateway community to Glacier National Park. 4.5 cap rate can go higher. Original architect has recently completed building plans for converting office spaces into two more residential suites for a total of eight resident suites. This could potentially increase income by 20% or more. Six residential suites are fully furnished including equipped kitchens, large bedrooms with king size beds, family rooms with sleeper sofa beds. Security cameras and keyless electronic locks on all guest doors. Original owner/seller has operated business as boutique/extended stay hotel for 14 years. Call Kent Lembke 406-250-2809 or your real estate professional. Broker owned.Advertising done through proprietary website, OTAs, and Discover Kalispell Visitors Bureau. High Google Search position. Located close to Logan Health formerly KRMC) and walking distance to Historic Downtown Kalispell with easy access to restaurants, breweries, shopping, Famous Moose's Saloon, golf courses, fitness centers, and nearby newly constructed bike/pedestrian pathway. Centrally located in the Flathead Valley near the resort town of Whitefish and Glacier National Park. Lodging business caters to seasonal tourists as well as extended stay guests such as traveling nurses/doctors, and other medical, business professionals. Also, substantial business from people in housing transition situations. Potential for more income based on a business model utilizing OTAs. All information contained herein is gathered from sources deemed reliable however, it is not guaranteed by Broker or Smart Seller Systems, LLC dba America Interactive Real Estate. Offering is subject to error, omissions, prior sale, change or withdrawal w/out notice & approval of the purchase with the owner. Seller is licensed RE Broker in MT and AZ.
Exterior Features

Construction Wood/Frame Exterior Condition Excellent Land Improvements Curb & GutterLandscapedSidewalksSprinklersStreet Lights Parking Per Unit One Parking Type Paved AreaStreet Road Frontage City Street Road Surface Asphalt Roof Metal Siding Fiber Cement Style Two Story Views City SkylineMountainsPower LinesResidentialTrees Waterfront None

Interior Features

Appliance Equipment Included DishwasherDryerFreezerMicrowaveRangeRefrigeratorWasherWindow Treatment Foundation Slab HVAC A/C Wall UnitElec. Water HeaterElectric Forced AirHeat Pump Interior Condition Good Safety Features Fire WallsSmoke Alarm Unit Features Appliances/AllCarpetExtra StoragePrivate Outside Ent.Window Treatment

Property Features

1 Bedroom Unit Rent Over $900 1 Bedroom Units 6 Bank Owned Or REO No Barrier Free BathDoor WidthGrab BarKitchen CabinetShower Common Amenities Mechanical RoomStorage Covenant No Expenses 31721.00 Gross Income 130120.00 Miscellaneous Individual Heat/AirIndividual Wtr HtrPet RestrictionSecurity Program Multifamily Type Apartment Paid By Owner All Util.-Ex. Phone Possession Closing Separate Meter Electric Short Sale No Tax Year 2021 Taxes 7781.21 Terms Of Sale Cash Utilities Cable Tv AvailableCity SewerCity Sewer AvailableCity WaterElectricInternetTelephone Zoning B2 Zoning History Conforming

Listing Agent: Kent Lembke
Listing Office: America Interactive Real Estate, Office Contact Info: (406) 755-3726


© 2022 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data last updated: 2022-09-30T21:19:19.723.
 
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