Investment Property for Sale at 400 University Avenue in Missoula, MT for $1,800,000

400 University Avenue | Missoula

$1,800,000

Think new. Think historical. Think beautiful. Think open and simple layout and fixtures. Just two blocks from the University of Montana’s main entrance and on one of the neighborhood’s grandest streets, you'll find a one-of-a-kind property with not one, but two impressive residences. Welcome to 400 and 402 University Avenue. 400 University Avenue is a 1910 classic brick home on a corner lot, and it has been totally renovated. The 2021 restoration retains early 1900s architectural details but has established the home as a truly modern living space. The restoration followed professional architectural plans that included moving the original staircase to open up passage on the main floor and adding new bathrooms, a galley kitchen, eye-catching windows, and more. You won't find a more modern flow and interior design that also preserves a classic Craftsman feel. A brand new double garage with an Additional Dwelling Unit (ADU) adds many options for the future owners of this property. As you walk through the front door to the 1700+ sqft main level, you step into an entryway open to both the living room and dining room. From the dining room, you move through a five-foot opening (which can be closed by a set of double pocket doors) to a brand new kitchen featuring large east facing windows, stainless appliances, an abundance of custom cabinetry, granite countertops, and marmoleum flooring. Two nice-sized main-floor bedrooms feature beautiful wood trim and generous closet space. One bathroom with zero-step shower and one half bathroom complete the main level living space. Under-the-stairs storage is an added bonus. Finally, the new laundry/mudroom addition is located at the back of the house off the kitchen, and leads to a back entry. Upstairs features a spacious bedroom suite with full tub/shower bathroom, plus a bonus room/office, a sitting area, and under-the-eaves storage areas.The 1697 sqft unfinished basement houses mechanicals and offers lots of potential for maybe a wine cellar, sauna, home gym, or whatever you choose. Current use is as storage space. In addition to new sewer and water lines and connections, all of the mechanical–plumbing, electrical, HVAC, appliances–were installed new in 2021. Seller is providing a recent independent home inspection, which confirms the home's and it's mechanical systems' excellent condition. Outside, a stunning wrap-around porch facing University and Hilda Avenues invites you to relax and chat with friends and neighbors. It provides an outdoor living room and an entertainment space. Between the house and garage/ADU is a stamped concrete patio that offers a private area for grilling and more. 402 University Avenue is a brand new, beautifully appointed, 592 sqft, one bedroom, one bath Accessory Dwelling Unit (ADU) located above the 713 sqft detached, double garage. The finished, heated garage can serve either the main house, the ADU, or both. Additional off-street parking adjacent to the alley and garage allows room for two more vehicles. (Rare and nice having 4 offstreet parking spots in the U area!) Add 2 City U Area residential parking permits for a total of 8. DVG Architecture plans are available upon request. Koach Construction, LLC did a fabulous job bringing these architectural plans to life. Irene Easton, Divine Design, provided interior design touches. High ceilings and quality finishes are found throughout both homes. The house is wired for security cameras. Wiring also allows shared internet service for the two dwellings, if desired. This property was intentionally designed to be the perfect home for aging in place. See the extensive list of improvements in associated documents. BONUS: Seller is willing pay up to $50,000 (Fifty thousand US dollars) towards buyer's loan interest rate buy down/closing costs. Walk, bike, or take public transportation everywhere from the property. This heart of Missoula location is not only steps away from campus, but also convenient to do MTR 30015958

Directions to property: Corner of Hilda and University Aves.

MLS Listing ID: 
MTR 30015958
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,800,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
MultiFamily
Primary Market Area: 
Missoula
Address: 
400 University Avenue, Missoula, MT 59801, US
County: 
Missoula
Latitude: 
46.8603251
Longitude: 
-113.9922236
Building Details
Details about the building on a property.
Architectural Style: 
Ranch
Year Built: 
1910
New Construction: 
0
Basement: 
Full, Unfinished, Walk-Up Access
Construction
Construction Materials: 
Board & Batten Siding, Brick, Wood Siding
Foundation Details: 
Slab, Stone, Basement
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air, Gas
Cooling System: 
Central Air
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.18
Lot Size (Area): 
7,800
Lot Size (Dimensions): 
60x130
Waterfront: 
0
Lot Features
Parking Type: 
Additional Parking, Alley Access, Garage, Garage Door Opener, Heated Garage
Garage: 
2
Public Record
Parcel Number: 
04220027226010000
Property Zoning: 
Residential
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Disclosures: 
Disclosure on File, Lead Based Paint Disclosure, Seller Disclosure
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Vickie M Honzel
Listing Office Name: 
ERA Lambros Real Estate Missoula