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Phoenix on 10th 1800 9th Ave S 59 Unit Apartment Building For Sale Great Falls, MT 59405
Investment Highlights
- 59-unit value-add community
- Onsite laundry facility, storage spaces, and a security system
- Fully equipped kitchens, hardwood floors, & spacious floorplans
Executive Summary
Northmarq is pleased to present Phoenix on 10th, a 59-unit property in Great Falls, Montana. This value-add opportunity includes 58 2-bed units and one 3-bed unit on 2.57 acres. Units feature fully equipped kitchens, hardwood floors, and spacious floorplans. The property has an on-site laundry facility, storage spaces, and a security system.
Located in the beautiful city of Great Falls, Montana, residents have easy access to outdoor recreation, including over 60 miles of the River’s Edge Trail, Giant Springs State Park, and convenient access to both Glacier National Park and Yellowstone National Park. Additionally, the city boasts a stable diverse economy, supported by agriculture, healthcare, and Malmstrom Air Force Base.
Phoenix on 10th benefits from an assumable loan of $3.7M at a fixed rate of 5.5%, originated June 2023, with approximately two years of remaining interest-only payments — representing compelling below-market financing in today’s rate environment.
Located in the beautiful city of Great Falls, Montana, residents have easy access to outdoor recreation, including over 60 miles of the River’s Edge Trail, Giant Springs State Park, and convenient access to both Glacier National Park and Yellowstone National Park. Additionally, the city boasts a stable diverse economy, supported by agriculture, healthcare, and Malmstrom Air Force Base.
Phoenix on 10th benefits from an assumable loan of $3.7M at a fixed rate of 5.5%, originated June 2023, with approximately two years of remaining interest-only payments — representing compelling below-market financing in today’s rate environment.
Property Facts
| Sale Type | Investment | Lot Size | 2.57 AC |
| No. Units | 59 | Building Size | 59,212 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1965 |
| Building Class | B | Parking Ratio | 1.06/1,000 SF |
| Zoning | C-2; R-5 | ||
| Sale Type | Investment |
| No. Units | 59 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.57 AC |
| Building Size | 59,212 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | C-2; R-5 |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Security System
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Freezer
- Linen Closet
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Security System
- Gas Range
- Storage Space
- Maintenance on site
- Multi Use Room
- Online Services
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 58 | - | 700 |
| 3+3 | 1 | - | 920 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 02-3016-07-3-06-01-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,423,200 |
Property Taxes
Parcel Number
02-3016-07-3-06-01-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,423,200
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Phoenix on 10th | 1800 9th Ave S
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