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1521 NW 1st AVE #A Great Falls, MT 59404
7,512 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building/ Business
Listing Status Active
Purchase Type For Sale
Square Footage 7,512 sqft
Price per Sqft $332
MLS Listing ID 409724
Year Built 1954
Annual Tax Amount $6,500
Tax Year 2025
Property Sub-Type Building/ Business
Property Description
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.
Location
State MT
County Cascade
Area Other Counties/State
Direction See Address
Interior
Fireplace No
Others
Tax ID 0001832800
Acceptable Financing Cash, 1031 Exchange, 3rd Party Financing
Listing Terms Cash, 1031 Exchange, 3rd Party Financing
Special Listing Condition None
Listed by Century 21 Shea Realty
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