This one did not take long to go under contract as it was priced to sell. I had it built in 2oo3 by Charter Construction, and it was a great rental from the get go. I never had any problems renting it in the nine years of owning it. It’s also held up well with minimal maintenance required. It is bitter-sweet because I kind of hate to let it go.
Duplex For Sale – 2627 O’Shaughnessy
I recently listed this duplex, which is conveniently located in Hellgate Meadows, just behind Four Paws & Home Depot, close to Reserve. This listing is owned by me (a licensed real estate agent in the state of Montana). It has been a great, low maintenance, rental the past eight years. For more details click on the “showcase listing” tab. If you want to see one of the units while it is still vacant, please me call soon while it’s easy to show, because it usually rents pretty quickly. 406.360.7835.
IS THERE A SAFE HAVEN?
YIKES! I’m getting this uneasy feeling… with all the heaviness around us – Irish & Greek banks going bankrupt, skyrocketing oil prices, ongoing political turmoil in Lybia & Egypt, the earthquake that has devastated Japan, a very weak US dollar, our daunting astronomical debt to China, and now… the US government is on the verge of a complete shutdown over budget cuts. All signals point to — What? Inflation? A bursting commodities bubble? Maybe a double dip (bite my tongue)? I just don’t understand what is propping this market up.
IF it all comes tumbling down, it’s a tough call to know where to be. It seems like there is no real safe haven these days. Maybe… just maybe, buying a rental could be a route to consider. Rates are still unbelievably low and average Missoula home prices have fallen 9% since 2007. This could be an opportunity to pull some of your profits out of the petering stock market rally, and invest in a rental property. Thanks to the University, the Missoula rental market is nearly recession proof here.

