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North Russell Apartments 1650 N Russell St 54 Unité Immeuble d’appartements À vendre Missoula, MT 59808
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Exceptional Market Rent Growth
- Tightening Market Supply Pipeline
- Layered Value-Add and Densification | Preliminary Approval for 32 New Units
Résumé de l'annonce
Berkadia Boise Investment Sales is pleased to present the exclusive listing of North Russell Apartments, a 54-unit garden-style community located in Missoula, Montana.
Built in 1997, the property offers studio, one-bedroom, and two-bedroom floor plans ranging from 450 to 820 square feet across multiple two-story buildings. With an active renovation program underway and preliminary city approval to build 32 new units to the existing site, North Russell presents a well-defined, two-stage value-add opportunity.
The community has undergone a proven value-add execution, with 22 units fully renovated featuring new luxury vinyl plank flooring, updated cabinetry, fresh paint, and new appliance packages. Of the remaining 32 units, 3 have been lightly updated, 14 have received classic turns, and 15 remain in original classic condition representing the next operator’s immediate renovation runway. On-site amenities include a shared laundry facility, additional resident storage units, and off-street parking across tree-lined, pet-friendly grounds.
The North Russell Street location places residents 2.4 miles from downtown Missoula and within proximity to the University of Montana, Providence St. Patrick Hospital, and Community Medical Center, the metro’s three largest employers. The Westside neighborhood provides convenient access to the Clark Fork River corridor and the retail and dining along Brooks Street, supporting consistent demand from the educated workforce and student-adjacent renter base that characterizes the Missoula market.
Built in 1997, the property offers studio, one-bedroom, and two-bedroom floor plans ranging from 450 to 820 square feet across multiple two-story buildings. With an active renovation program underway and preliminary city approval to build 32 new units to the existing site, North Russell presents a well-defined, two-stage value-add opportunity.
The community has undergone a proven value-add execution, with 22 units fully renovated featuring new luxury vinyl plank flooring, updated cabinetry, fresh paint, and new appliance packages. Of the remaining 32 units, 3 have been lightly updated, 14 have received classic turns, and 15 remain in original classic condition representing the next operator’s immediate renovation runway. On-site amenities include a shared laundry facility, additional resident storage units, and off-street parking across tree-lined, pet-friendly grounds.
The North Russell Street location places residents 2.4 miles from downtown Missoula and within proximity to the University of Montana, Providence St. Patrick Hospital, and Community Medical Center, the metro’s three largest employers. The Westside neighborhood provides convenient access to the Clark Fork River corridor and the retail and dining along Brooks Street, supporting consistent demand from the educated workforce and student-adjacent renter base that characterizes the Missoula market.
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
- Operating and Financials
- Miscellaneous
Faits sur la propriété
| Type de vente | Investissement | Taille du bâtiment | 145 068 pi² |
| Nombre d’unités | 54 | Occupation moyenne | 96% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 2 |
| Sous-type de propriété | Appartement | Année de construction/rénovation | 1997/2025 |
| Style d’appartement | Jardin | Ratio de stationnement | 0,78/1 000 pi² |
| Classe d’immeuble | B | Zone de développement économique |
Oui
|
| Taille du lot | 2,98 AC | ||
| Zonage | U-MU1 | ||
| Type de vente | Investissement |
| Nombre d’unités | 54 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | B |
| Taille du lot | 2,98 AC |
| Taille du bâtiment | 145 068 pi² |
| Occupation moyenne | 96% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1997/2025 |
| Ratio de stationnement | 0,78/1 000 pi² |
| Zone de développement économique |
Oui |
| Zonage | U-MU1 |
Commodités
Commodités des unités
- Lave-vaisselle
- Micro-ondes
- Espace d'entreposage
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Fourchette
- Bain/Douche
Commodités du site
- Accès 24 heures
- Accès contrôlé
- Installations de lessive
- Espace d'entreposage
- Sans ascenseur
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 12 | - | 550 |
| 1+1 | 22 | - | 650 |
| 2+1 | 20 | - | 820 |
1 1
Assez accessible à pied
40/100
Très bien adapté aux voitures
80/100
Transports en commun limités
30/100
Moyennement accessible en vélo
70/100
Impôts fonciers
| Numéro de lot | 04-2200-16-2-06-01-0000 | Évaluation des bâtiments | 4 993 107 $ CAD |
| Évaluation du terrain | 2 735 490 $ CAD | Évaluation totale | 7 728 598 $ CAD |
Impôts fonciers
Numéro de lot
04-2200-16-2-06-01-0000
Évaluation du terrain
2 735 490 $ CAD
Évaluation des bâtiments
4 993 107 $ CAD
Évaluation totale
7 728 598 $ CAD
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North Russell Apartments | 1650 N Russell St
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