About 808 Mineral Avenue
Discover an incredible opportunity to own a beautifully remodeled 17-room motel, proudly rated #1 in town! This thriving property is perfectly situated in the heart of downtown, and has a stellar reputation. The Evergreen boasts a strong customer base and excellent online reviews. The property features well-maintained gardens enhancing its curb appeal and creating a relaxing environment for guests. Located within walking distance to major amenities, including restaurants, shops, and entertainment, ensuring a steady flow of guests. With a robust reputation and prime location, this is an incredible investment opportunity. The Evergreen is not just a place to stay—it's a thriving business with excellent growth potential. The cap rate is 7%. There is an additional opportunity; the option to buy the house next door which is perfect for an owner-occupied residence or staff accommodation. Please inquire for more details.
Features of 808 Mineral Avenue
| MLS® # | 30034578 |
|---|---|
| Price | $2,800,000 |
| Square Footage | 6,498 |
| Acres | 0.43 |
| Year Built | 1938 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Style | Other |
| Status | Active |
Community Information
| Address | 808 Mineral Avenue |
|---|---|
| City | Libby |
| County | Lincoln |
| State | MT |
| Zip Code | 59923 |
Amenities
| Utilities | Cable Available, Electricity Available, Electricity Connected, High Speed Internet Available |
|---|---|
| View | City |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dryer, Microwave, Washer |
|---|---|
| Heating | Baseboard, Electric, Wall Furnace |
| Cooling | Wall Unit(s) |
| Fireplace | No |
| Stories | One and One Half |
| Has Basement | Yes |
| Basement | Crawl Space, Unfinished |
Exterior
| Exterior Features | Breezeway |
|---|---|
| Windows | Double Pane Windows, Insulated Windows |
| Foundation | Poured, Basement |
Additional Information
| Date Listed | October 3rd, 2024 |
|---|---|
| Days on Market | 365 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |