637 IDAHO STREET, KALISPELL, MT 59901

* Current Cap Rate: ~6.54% * Value-add potential with lease escalations / bumping rents on shop and residential unit Booming Downtown Kalispell!!! Steps to the Parkline Trail and soon to be redeveloped mall. This well-located, high traffic countn(22k APD per MDT), fully-leased mixed-use property offers stable cash flow with upside. Combining commercial and residential income, plus billboard lease revenue, it's a turnkey investment with potential for increased yield through strategic improvements or rent increases. Ownership has spent $450k+ in last 12 months on complete remodel/ upgrades. * Complete interior and site remodel with full change of use. * New roof (<5 yrs old) * New HVAC systems and plumbing throughout. * Two new ADA bathrooms, and 2 showers. * Updated 1BR/1BA apartment. * New site work including fresh asphalt (front and rear) and 6 added parking spaces. (18 total) * New front concrete sidewalk/ ADA parking/ entrance and approach. * New curbing and wonderful landscaping, fully irrigated. * New fencing, in front and rear.* Opened up back exit for parking via city alley for better traffic flow. * Large, level backyard with mature trees and grass. Investment Highlights * Stable tenant roster with long-term leases. * Triple income streams from commercial (NNN & gross) and residential. * Billboard income adds $2,200 annually. * High-traffic / visibility location along E Idaho St / Highway 2. (approx 24k/day) * Perfect re-development site in future, open lot to West and small lot to East -- could negotiate with other owners to combined for larger development. * Lot size ~0.49 acres with paved parking and mature fenced yard. * Zoned B-2 General Business / commercial flex -- Ideal for eventual mixed-use redevelopment. * Remodeled Back apartment with in-unit laundry, fenced yard & old-growth trees. * Garage bays & overhead doors in the shop as well as main building (2 and 2) * Clear frontage & excellent visibility for tenants and marketing Financial Snapshot * Net Income: ~$85,000/ yr * Current Cap Rate: ~6.54% * Value-add potential with lease escalations / bumping rents on shop and residential unit (Garage to be painted in the next few weeks)