20 W 3rd St - Apartments FOR SALE


Havre, MT 59501
$2,200,000 USD
800-577-3013
20 W 3rd St, Havre, MT for Sale
$2,200,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

20 W 3rd St
Havre, MT 59501


HIGHLIGHTS

  • 88 units, offering a mix of studio, 1 bedroom and deluxe apartments.
  • All units have a bathroom and kitchen area with electric cooktop, sink, refrigerator, hot water heat and central air conditioning.
  • 40 of the units are HUD-approved.
  • Each floor is accessed by an elevator and features a lounge area for the residents' use.
  • On the second floor, the 3,950 sq ft cafeteria provides daily meals.
  • The structure is a 5 story, 58,000+/- sq ft brick building constructed on 3 acres which includes a courtyard with landscaped lawn, trees, and flowers.

OVERVIEW

Located in Havre, Montana, Eagle Manor is operated as an assisted living facility that is comprised of 88 units, offering a mix of studio, 1 bedroom and deluxe apartments. All units have a bathroom and kitchen area with electric cooktop, sink, refrigerator, hot water heat and central air conditioning. 40 of the units are HUD-approved. Each floor is accessed by an elevator and features a lounge area for the residents' use. On the second floor, the 3,950 sq ft cafeteria provides daily meals. The structure is a 5 story, 58,000+/- sq ft brick building constructed on 3 acres which includes a courtyard with landscaped lawn, trees, and flowers. Occupancy is 100% with a waiting list. Rents are below market and further stabilization can be implemented to enhance investment returns. The roof has been recently replaced and the hot water heating system has been upgraded. ALL FFE conveys to buyer.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$38 USD /SF

# OF UNITS

88

PRICE/UNIT

$25,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eagles Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.2 AC

LAND SF

139,392 SF

ZONING

-

APN/PARCEL ID

12-4441-08-2-01-01-0000

ASK ABOUT THIS PROPERTY

Kevin WetherellClearwater Montana PropertiesMore Info
800-577-3013

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Kevin WetherellClearwater Montana PropertiesMore Info
800-577-3013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.