Missoula Real Estate Meetup Field Trip! Visiting a Local Fiveplex

[Keith Miller]

We have a special Field Trip coming up on October 11th for anyone that wants to see a “Behind the Scenes” look at the process of finding an off-market multifamily, under market value. I bought a five-plex two weeks ago with a friend of mine, Brent Maier, for $650K, and the bank appraised it at $850K. It’s in East Missoula, and we’ll meet in the parking lot of the Reno Bar at 6 PM. Then, we’ll walk over to the five-plex, I’ll explain the process of how we found it off-market, the negotiation process, what we’re doing to the property, and process we’re going through to potentially tear it down and build a roughly 15 unit apartment building in the next few years, as the zoning is really incredible. This lot has zero setbacks, a four story height potential, unlimited units, only one parking spot per unit. We won't go inside the property, as the interior space is the resident's personal space, and I don't want to disrupt their home. After seeing the property, we’ll walk back to the Reno Bar and discuss more over beers.