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. 

© 2024 Big Sky Country MLS.

 

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