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!
Property Features
Heating Information
Baseboard
Electric
Basement
Concrete
Listing Courtesy: PureWest Real Estate - Kalispell - 406-751-5600