Pending
105 W Park Street
Livingston MT, 59047
$4,300,000
Pending
Multi-family
Built in 1960
The historic Albemarle Building is a one-of-a-kind investment opportunity offering 41 residential condos and six commercial condos! Once the former home of the historic Albemarle Hotel and Playhouse, this property is in a prime location, right in the heart of Livingston's vibrant downtown! Built in 1960, this once-in-a-lifetime investment opportunity was completely renovated, top to bottom, in 2016, including all new electrical and plumbing throughout the building; as well as a new fire suppression system and the addition of security cameras throughout the building! All units are rented, and long-term leases are in place for the commercial condos, with the seller reporting monthly gross rents of $36,743, and current annual gross rents of $440,916! The HOA covers water, sewer and building and common area maintenance - and each unit is individually metered for electricity! The seller owns the "air rights" above the building, which allows for the possibility of two additional floors to be added, with increased income potential! The building also boasts a management office with a lobby and restrooms, and the building offers onsite and off-site tenant parking! Schedule your showing today!
397376
MLSⓇ ID
October 8, 2024
Listed
October 15, 2024
Updated
Map
105 W Park Street
Livingston MT, 59047
Interior Features
Total Stories
3
Appliances
Cooktop, Microwave, Refrigerator
Laundry Description
Common Area
Floor Description
Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s), Varies by Unit
Heating
Yes
Heating Description
Baseboard, Electric
Exterior/Building Features
Exterior Features
Concrete Driveway
Architectual Style
Traditional
Sewer
Public Sewer
Other Property Details
Area Name
Park County
Taxes
$39,305
Tax Frequency
Annually
Days on Market
7
Association Fee
$77,800
Association Fee Frequency
Yearly
Association Amenities
Laundry
Garage
No
Parking
Common
View
No
County
Park
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/15/2024 | Pending | — |
Courtesy of Chris Bruha, Yellowstone Brokers
Based on information from Big Sky Country MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Mike Stem shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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