Centrally Located 4-plex with Updated Units in Kalispell

USD $795,000
71 Hawthorn Avenue, Kalispell, Montana, 59901, USA

Property Highlights

  • Fully rented 4-plex with long-term tenants
  • Each unit has in-unit laundry
  • New windows throughout building
  • New decks on units
  • Vinyl plank flooring in most units
  • Centrally located in Kalispell

Overview

Attention investors! Offering a cash-flowing and desirable 4-plex in the heart of Kalispell. Centrally located, four 2-bed 1-bath units, fully rented with long-term renters, all on month-to-month leases. Each unit has their own laundry in unit. Washers and dryers belong to tenants. Several improvements have been made to building and to the units including new windows, new decks and vinyl plank flooring in 2 of the 4 units. *Roof is in process of being replaced* At asking price, this investment currently yields just under a 6% cap rate and with a slight rent increase to current market value would be just under 7%. Please see docs for 2024, 2025 and projected income and expense estimates. There will be no showings of the interiors of the units until offer has been accepted. Buyer may preview units during inspection period. Based on recent market activity, we expect this one won't last long!
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Property Features

71 Hawthorn Avenue, Kalispell, Montana, 59901, USA offers the following features:

Property Type: Residential Multi Family
Status: Active
Reference ID: 30060007

What's Nearby

Local businesses near 71 Hawthorn Avenue, Kalispell, Montana, 59901, USA:

School: < 1 mile
Hospital: < 1 mile
Grocery/Shopping Center: < 1 mile
Gym: < 1 mile
Public Transportation: < 1 mile
Police Station: 1.3 miles

Map