1650 N Russell St | Missoula, MT 59808
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1650 N Russell St
Missoula, MT 59808
North Russell Apartments · Multifamily Property For Sale
·
54 Units
INVESTMENT HIGHLIGHTS
- 54 units with stable cash flow and multiple value add opportunities
- A recent feasibility study by a reputable local architectural firm outlines an economically viable path to constructing an additional 30 units
- 21 fully renovated, 3 lightly renovated and 9 classic turns - Room for additional value through renovation
PROPERTY FACTS
| No. Units | 54 | Lot Size | 2.98 AC |
| Property Type | Multifamily | Building Size | 36,380 SF |
| Property Subtype | Apartment | Average Occupancy | 96% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1997/2025 |
| Zoning | M1R-2 - M1R-2 allows for industrial, commercial, multifamily and residential uses. Property is zoned for 129 total units. | ||
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.98 AC |
| Building Size | 36,380 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1997/2025 |
| Zoning | M1R-2 - M1R-2 allows for industrial, commercial, multifamily and residential uses. Property is zoned for 129 total units. |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Storage Space
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 14 | - | 450 |
| 1+1 | 16 | - | 650 |
| 2+1 | 24 | - | 820 |
PROPERTY TAXES
| Parcel Number | 04-2200-16-2-06-01-0000 | Improvements Assessment | $3,525,011 |
| Land Assessment | $1,931,189 | Total Assessment | $5,456,200 |
PROPERTY TAXES
Parcel Number
04-2200-16-2-06-01-0000
Land Assessment
$1,931,189
Improvements Assessment
$3,525,011
Total Assessment
$5,456,200
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