3RD HAVRE, MT 59501

Features

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Facts

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Sale Type

This is a HUD Home that the Government has foreclosed on because the owner couldn't meet their payments. This home is sold via an auction process whereby the highest bidder wins the home, typically at prices affordable for lower-income families.

Description

Located in Havre, Montana, Eagles Manor is operated as an assisted living facility that is comprised of 88 units, offering a mix of studio, 1 bedroom and deluxe apartments. All units have a bathroom and kitchen area with electric cooktop, sink, refrigerator, hot water heat and central air conditioning. 40 of the units are HUD-approved. Each floor is accessed by an elevator and features a lounge area for the residents' use. On the second floor, the 3,950 sq ft cafeteria provides daily meals. The structure is a 5 story, 58,000+/- sq ft brick building constructed on 3 acres which includes a courtyard with landscaped lawn, trees, and flowers. Occupancy is 100% with a waiting list. Rents are below market and further stabilization can be implemented to enhance investment returns. The roof has been recently replaced and the hot water heating system has been upgraded. ALL FFE conveys to buyer.