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229 2nd Avenue

Cut Bank, MT 59427

$1,750,000
Commercial Sale Listing
20,932 SqFt

Summary

36 unit Apartment complex. Additional adjoining lot to add a potential 16 more units. Seller shows CAP rate of 9.8% for 2024 and anticipates higher in 2025 as expenses now inline. This complex is 99% occupied with one unit in process of remodel and updating. Tenants use self serve Kiosk in lobby for rent payments. 2 coin laundries for convenience. Both on and off street parking. Fenced playground area, dog run area, outdoor ping pong, BBQ's, horseshoe pits and outdoor designated smoking areas. Security entry system, multiple camera's and video recording system. Owner has installed state of the art digital fire detection system and all new window screens. Each unit has had updates as tenants transition. Currently owner has a vetted waiting list of future tenants should any openings arise. Located in center of town for ease and convenience. Low maintenance stucco, masonry and brick exterior. Call or Text Ted Dykstra 406-249-8345 or your real estate professional.

Details

  • Type
    Building/Land
  • Approx Sq Feet
    20,932
  • Heating
    Electric, Forced Air, Wall Furnace
  • Parking Features
    Additional Parking, On Street, See Remarks
  • Utilities
    Cable Connected, Electricity Connected, High Speed Internet Available, See Remarks
  • Days on Market
    300
  • Listing Courtesy of
    Keller Williams Realty Northwest Montana
  • MLS #
    30030372

Location

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ERA® and the ERA Logo are registered service marks owned by ERA Franchise Systems LLC. Robyn L. Erlenbush Real Estate, P.C. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to ERA Franchise Systems LLC nor any of its affiliated companies. © 2019 Robyn L. Erlenbush Real Estate, P.C. All rights reserved.

All property data and market statistics are pulled from Big Sky Country MLS.

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