MLS® ID: 409724
Type: CommercialSale
NW 1521 1st Avenue Great Falls, MT
$2,500,000.00
Outstanding investment opportunity featuring a recently repositioned hospitality asset with strong in-place income and future upside. Originally constructed as a motel in 1954, the property was thoughtfully converted in 2025 into 23 Single Room Occupancy (SRO) units designed to accommodate both short-term and long-term tenants—creating diversified revenue streams and consistent demand. The property offers 23 private units, each with its own bathroom, and four units are equipped with convenient kitchenettes. Since commencing operations in October 2025, occupancy has remained strong, demonstrating solid market demand and operational stability. The seller is offering a three-month "rent guarantee" with a full-price offer, adding an additional layer of security for investors. With a projected Net Operating Income of $181,000, this asset presents an attractive return. Exterior painting is currently underway. Seller will consider carrying short-term financing for qualified buyers.
Amenities
Zip 59404
SQFT 7512
Property Type CommercialSale
Lot Size
Levels N/A
Office Name Century 21 Shea Realty
Year Built 1954
Subdivision None
Area Other Counties/State
Status Active
Listing Agent: Gary Shea
Location
(Data provided by Gallatin-BigSky-BSC data)