5 Avalon Ct Immeuble residentiel 18 lots 2 732 940 € (151 830 €/Lot) Emigrant, MT 59027

Unique investment opportunity in the heart of Paradise Valley! This 18-unit apartment complex features 12 one-bedroom apartments and 6 two-bedroom apartments, all intelligently designed to maximize space and provide breathtaking views of the Absaroka Mountains, the on-property pond, and the surrounding valley. Thirty minutes north of Yellowstone National Park and the same distance south from Livingston, Emigrant offers prime Montana living within reach of adventure and amenities. The Avalon apartment complex includes an elevator, exterior wheelchair access, public laundry as well as private laundry hookups in each apartment. Two expansive and light-filled common areas, one with open-use kitchen and large doors leading out to the pond and a gym/library room, boost the great livability. Approximately 4600 square feet of unfinished area in the basement awaits customization for resident storage, more apartments, offices or anything to fit your needs. These apartments are consistently rented and often have a wait list as this type of living is uncommon in this highly sought-after and beautiful area. Contact listing agent or have your Realtor request current financial information.
Current deed allows for moderate to low-income tenants. Current rates are $810/one bedroom units and $955/two bedroom units - both with an additional $40 monthly charge for utilities. Per law, rates could legally be raised to a maximum of $2,762 a month. New owner to determine what could be sustained within the area. There is also potential for the new owner to have this deed restriction lifted. With this potential as well as the allowable rates, don't let "low income" deter you or your clients! Reach out for more in depth financial report. Sq footage to be confirmed by buyer/buyer agent. cross listed commercial. Sellers related to Listing Agent.