This unique multi-unit property in Hot Springs offers five established rental units with the opportunity to expand to seven, making it an excellent investment for buyers looking to grow their portfolio. The property includes a 3-bedroom, 2-bath main home with vaulted ceilings and a 12x20 workshop, a studio cottage with dedicated laundry, a studio cabin with a loft, and a newly built two-story duplex, completed in 2025, featuring two 3-bedroom, 2-bath units, each with laundry hookups. The expansion opportunity is already underway with footings in place for an additional duplex, a city-approved variance to complete the project, and water, sewer, and electrical infrastructure already installed. This allows the next owner to add two more rental units while saving significant time and development costs. The groundwork has already been done, creating a rare opportunity to expand an already income-producing property.
Investor opportunity with strong upside potential! This unique property features three mobile homes, a single bedroom unit, a two bedroom unit and a three bedroom unit, plus a partially remodeled garage that has been converted into additional living quarters, creating multiple income-producing possibilities. Situated on a large corner parcel comprised of five lots totaling .40 acre(s), the property offers ability for redevelopment, or additional improvements, complete the garage and have a fourth rental. Multiple storage sheds provide added utility and value. Whether you're looking to generate rental income, renovate and increase returns, or expand your investment portfolio, this versatile property offers exceptional potential at an attractive price. Don't miss this opportunity to unlock the value of this multi-unit investment. Hot Springs has full services with a grocery store, restaurants and a clinic. A few blocks from famous hot water mineral springs.
Hot Springs is located in Montana. Hot Springs, Montana has a population of 618. Hot Springs is less family-centric than the surrounding county with 12.3% of the households containing married families with children. The county average for households married with children is 22.67%.
The median household income in Hot Springs, Montana is $19,659. The median household income for the surrounding county is $46,848 compared to the national median of $69,021. The median age of people living in Hot Springs is 52 years.
The average high temperature in July is 83.8 degrees, with an average low temperature in January of 20.7 degrees. The average rainfall is approximately 16 inches per year, with 39.3 inches of snow per year.
