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Tom Brown
Glacier Sotheby's International Realty
Glacier Sotheby's International Realty home
United StatesMontanaHelenaTBD Shorthorn Avenue

TBD Shorthorn Avenue
TBD Shorthorn Avenue, Helena, Montana 59602 United States

$7,799,000
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Coldwell Banker Commercial Green & Green

Tom Brown
Tom Brown
  • Real Estate Professional
480 Electric Ave.
480 Electric Ave., Bigfork, Montana 59911 United States
Listing Courtesy of Coldwell Banker Commercial Green & Green
$7,799,000
5.731 Acres
Exterior
Commercial
Property type
30016377
Web Id
30016377
MLS ID
Burnham Ranch Subdivision
Subdivision
Helena High
School District

About TBD Shorthorn Avenue

Exceptional Condominium Development Opportunity in Helena, Montana (59601)Discover an outstanding investment opportunity with this 75-unit residential condominium development situated in the heart of Helena, Montana (59601). Each meticulously designed unit in this attractive triplex layout offers comfort and style, making it an ideal choice for discerning tenants.This property is perfectly located near essential shopping centers, convenient interstate access, and a variety of recreational opportunities, ensuring a balanced lifestyle for residents.There are currently 12 units built, and the project is fully entitled for 63 more. Each of the 75 units features a thoughtful design with 2 bedrooms, ensuring ample space and privacy. The convenience of in-unit laundry hookups adds to the ease of living. 75 Unit Condo Association in Burnham Ranch Subdivision. 12 of the condo units are currently built and can act as a cash flow while remaining units are being completed. Full entitlements with the remaining 63 to be built condominiums, new condition and recently being brought to the market for rents. This property and the newly leased project will be a 6% cap or better after stabilization at proforma rents and costs. This could benefit from a builder/developer or large investor that may want to continue the project but vertically integrate the process and manage the construction and build to a more profitable quality building. 6% CAP Rate when fully stabilized Local Professional Property managementFully entitled 63 units to complete, ongoing construction6 units completed6 units near completionFully entitled to complete 63 more unitsCurrent cost is $210/sfMarshall and Swift support a 12% decrease in costs, while still supporting a similar perceived quality for the marketLand cost per unit is under $60,000/unitSpecial Highlights:The center unit of each triplex boasts an additional half bath, totaling 2 and 1/2 baths, catering to the needs of a modern lifestyle.The primary bedroom in each unit includes an en-suite bathroom, offering an extra touch of luxury and comfort.Investment Potential: With a competitive 6% cap rate, this development presents a lucrative opportunity for investors seeking a steady income stream in a growing market.Investment Highlights:Steady Income Potential: The strategic location and quality of the units are designed to attract a stable tenant base, ensuring a consistent rental income.Growth Potential: Helena's expanding market and the development's proximity to key amenities make it a sought-after location for potential renters.Conclusion:This residential condominium development is not just a property investment; it's a gateway to becoming a part of Helena's vibrant community. With its prime location, thoughtful design, and strong investment potential, it represents a unique opportunity in Montana's real estate market.

Listing Courtesy of Tyler D Warne, Coldwell Banker Commercial Green & Green
800 N Last Chance Gulch

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cooling
Propane Heating
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PROPERTY INFORMATION

Cooling
CentralAir
Heating
ForcedAir
Parking Description
OnStreet
Sewer
PublicSewer
View
Mountains, Valley

EXTERIOR

Construction
CementSiding
Lot Description
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Roofing
Asphalt

INTERIOR

Flooring
Laminate
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Listing Courtesy of Coldwell Banker Commercial Green & Green
TBD Shorthorn Avenue, Helena, Montana 59602 United States is a Commercial for Sale for $7,799,000. Was built in , has ( m2) on a lot of 5.731 Acres sq ft . And it's composed from Bedrooms, full baths and partial baths.
Advertiser Logo

Coldwell Banker Commercial Green & Green

Tom Brown
Tom Brown
  • Real Estate Professional
480 Electric Ave.
480 Electric Ave., Bigfork, Montana 59911 United States
Listing Courtesy of Coldwell Banker Commercial Green & Green
Contact Agent
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