A very unique opportunity. 6 apartments with a partial basement that probably could be finished for 2 more apartments .This building is energy efficient and has a 100 lb snow load roof to boot. Southern exposure and on a paved road. And zoned Residential "B" multifamily by the City of Thompson Falls.! So when the city completes the sewer here, I believe you will gain at least two more buildings sites and maybe three (situated on acre of land). So you could build more houses or more duplexes or more apartments houses or even some tiny houses! Light covenants. We welcome 1031 TFE! Great bunch of tenants by the way and 5 of the 6 tenants have vouchers funded by the federal gov. For a depreciation write off on your taxes, inflation hedge protector, additional buildings sites and potential expansion . Ca$h Ok or Owners would "carry" with like maybe 30%-50% ish dn. The ROI is about 5.5%, on a very generous budget, if you subtracted the 3 additional bldg. sites from the cost of purchasing. The city sewer project will put this 6 plex on the system probably next year. When that happens there will be at least two more building sites that could then have more housing for the area as this project sits on one plus acres in the city.
Thompson Falls is located in Montana. Thompson Falls, Montana has a population of 1,551. Thompson Falls is more family-centric than the surrounding county with 31.78% of the households containing married families with children. The county average for households married with children is 22.67%.
The median household income in Thompson Falls, Montana is $42,857. 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 Thompson Falls is 34.7 years.
The average high temperature in July is 86 degrees, with an average low temperature in January of 22.8 degrees. The average rainfall is approximately 22.7 inches per year, with 42 inches of snow per year.
