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Granite Apartments 919 Mineral Ave 15 Room Hotel Libby, MT 59923 $1,700,000 ($113,333/Room)
EXECUTIVE SUMMARY
Be the first to scoop up this apartment complex with incredible potential right downtown! This unique apartment complex, formerly a motel, offers a fantastic investment opportunity with immense potential for upgrades and renovations. Situated in a prime location, you’ll have easy access to parks and local attractions. There is a Manager’s Quarters on-site: Ideal for on-site management or additional rental income. These spacious units and roomy layouts can be transformed into modern living spaces. With some repairs and renovations, you can enhance the property’s value and appeal. This property is somewhat of a blank canvas, ready for your vision. Whether you want to renovate and increase rental income or convert the space for a different purpose, the possibilities are endless. The unfinished basement in both buildings offers even more potential for rentable space. More pictures coming soon. Cap rate is 4%. Contact Ashley Miner at 406-293-0951, or your real estate professional.
PROPERTY FACTS
| Price | $1,700,000 | Construction Status | Converted |
| Price Per Room | $113,333 | Building Size | 5,360 SF |
| Sale Type | Investment | No. Rooms | 15 |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1946/1995 |
| Property Subtype | Hotel | Parking Ratio | 2.05/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.50 AC | Opportunity Zone |
Yes
|
| Zoning | N/A | ||
| Price | $1,700,000 |
| Price Per Room | $113,333 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.50 AC |
| Construction Status | Converted |
| Building Size | 5,360 SF |
| No. Rooms | 15 |
| No. Stories | 1 |
| Year Built/Renovated | 1946/1995 |
| Parking Ratio | 2.05/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | N/A |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 15 | $86.00 | - |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 56-4175-03-3-18-09-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $363,600 |
PROPERTY TAXES
Parcel Number
56-4175-03-3-18-09-0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$363,600
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Granite Apartments | 919 Mineral Ave
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