1521 1st Ave. NW#A, Great Falls, MT

Others for Sale - $2,500,000


Agent Info

Gary Shea
CENTURY 21 Shea Realty

Property Info

CIMLS#1189419
Location
  1521 1st Ave. NW#A
  Great Falls MT 59404
UpdatedMarch 26th, 2026
TypeOthers
Price$2,500,000

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.


Financials