1554 Harrison Ave, Butte, Montana, 59701
This property, built in 1974, has undergone multiple renovations through the years, with each of the four current units having a modern and welcoming decor. Currently the four units are occupied with leases in place. Previous layouts featured 5 units and could be converted back with minimal effort. Current owners have been diligent about maintaining the building and have no known deferred maintenance at this time.
Rental history has been excellent with near 100% occupancy year to year. Three of the four tenants are in medical/health related fields and the fourth unit is occupied by an insurance agency.
Offered at a 7.7% cap rate, this investment opportunity exceeds most local returns. This property is turn-key ready, purchase and start earning right away. With Butte expanding at the current rate, this property has the potential to go from a great investment to an absolute home-run investment. There has never been a better time to invest in commercial properties in Butte than right now.
This property is able to be seen from both Harrison Avenue and Grand Avenue in Butte Montana, with very high traffic counts going by the building daily. There is ample parking available behind the building as well as street parking in front and the side.
Butte is the 5th largest city in Montana. Known as the richest hill on earth, Butte began as a gold and silver mining camp. As technology progressed and electricity was developing across America, Butte shifted mining to Copper. At one time Butte produced over 25% of the worlds Copper. Many reminants of Butte's mining past are still visible today including 14 mining headframes and one of the largest historic districts in the US.
Butte, MT is known for hosting many festivals and events. The Montana Folk Festival, An Ri Ra, the Freedom Festival, Butte 100 Mountain Bike Race, Covellite International Film Festival, and SNoFlinga. Butte has one of the largest Irish populations out side of Ireland making the St Patricks Day festivities Internationally known and absolutely legendary.
Butte is nearly surrounded by Beaverhead/Deer Lodge National Forest making access to mountains, streams and trails very easy.
Montana Technological University AKA Montana Tech is a leading STEM University that calls Butte home. With over 2,500 students enrolled Montana Tech consistently ranks among the top 50 most affordable colleges with the best return, and is currently in the Princeton review Best 386 Colleges and the #1 Top College in Montana for highest paid graduates.