Lease · Missoula, MT

839 Brooks Street, Missoula, MT 59801

$1,400,000 Active Under Contract MLS® 30074844 Lease
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Active Under ContractMLS® 30074844
$1,400,000
839 Brooks Street, Missoula, MT 59801
Bds Ba 5,640 Sq.Ft. 0.358 Ac
Description

ATTENTION Investors and Developers: Income Producing 6 Plex + Extra Lot with Development Potential! Exceptional investment opportunity in the heart of Missoula! This thoughtfully designed 6-plex features six spacious 1-bedroom, 1-bathroom units, each offering both private interior and exterior access for added convenience and tenant appeal. The property is currently generating $6,100 per month in rental income with one vacant unit. Leasing the vacant unit brings projected gross monthly income to approximately $7,400. The property also includes a detached two-bay garage, currently rented, providing an additional source of income. The offering also includes a separate lot currently utilized for tenant parking, creating significant upside beyond the existing income stream. Based on a market development study by IMEG Engineering, the extra lot may support a variety of development strategies, including a two-story 8-plex, TED development, formal subdivision, boundary line relocation, condominium conversion, or other redevelopment options. Buyers should verify all zoning, entitlements, and development potential with the City of Missoula. Whether held as a stabilized income property, repositioned through operational improvements, or leveraged for future redevelopment, this asset presents a compelling combination of current cash flow, expansion potential, and long-term appreciation in a high-demand Missoula location.

Interior Features
  • Additional features
  • Utilities
  • Air conditioning
  • Basement description Finished
  • Pool description
  • Outbuildings
  • Fence
  • Lot dimension 0.358 Square Feet
  • Lot description
Exterior Features
  • Body of water
  • View
  • Pool
  • Pool description
  • Outbuildings
  • Fence
  • Lot dimension 0.358 Square Feet
  • Lot description
  • Foundation Poured
  • Exterior
  • Roofing materials
Location