Investment Overview

Parkland Meadows is a two structure complex consisting of 48 units and situated on two parcels totaling 1.82 acres parcel in Kalispell, Montana. The unit mix is 12 one bedrooms and 36 two bedroom flats with the average unit size being over 1,000 square feet. In unit amenities include electric oven/range, refrigerator, dishwasher, electric wall heaters, air conditioning, washer and dryer. Community amenities include off street parking, EV charging stations, and outdoor picnic area. Residents can also enjoy expansive mountain views and nearby walking trails. The property is within the Parkland Meadows PUD, a 38 acre development which will consist of a proposed 20 multifamily lots and 7 commercial lots. The current offering is multifamily lots A and B. In addition, lots C and D totaling 48 additional units can be pre-purchased at a negotiated price. The vision for Parkland Meadows is an amenity rich community with clubhouse, creek walking trail, outdoor courts for multiple sports, and restaurants. Parkland Meadows is approximately two miles from Downtown Kalispell. Rosauer Grocer and other nearby retail are within a mile of the property. The nearly constructed Rankin Elementary, walking trails, and playfields are all within a half mile of the property. Kalispell is a city of approximately 25,000 in Western Montana. It boasts a diverse and growing economy supported by several major employers across various sectors. Logan Health is by far the largest employer in the area with over 4,300 employers. Other major employers include Glacier Bank, which is headquartered in Kalispell and semi-conductor manufacturer Applied Materials. Kalispell experiences all four seasons and residents can enjoy year-round outdoor recreational activities including hiking, skiing, rafting, mountaineering, camping, and fishing. For those who call Kalispell home, it is a unique region that presents the best the Mountain West has to offer. As the median home price in Kalispell nears $530,000 and interest rates remain near 7%, new home buyers are looking at all in cost of over $3,000 per month. Parkland Meadows market rents are well below that figure, making it is well-positioned to capture a quality pool of renters who are seeking an affordable, yet spacious alternative to call home. A new investor will do well targeting this renter pool.