Homes for sale - 229 2nd AVE SE, Cut Bank, MT 59427

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$ 1,850,000

Est. payment -/mo

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Active

229 2nd AVE SE Cut Bank, MT 59427

20,932 SqFt

UPDATED:

10/31/2024 08:22 PM

Key Details

Property Type Commercial

Sub Type Building/Land

Listing Status Active

Purchase Type For Sale

Square Footage 20,932 sqft

Price per Sqft $88

MLS Listing ID 30030372

Construction Status See Remarks

HOA Y/N No

Annual Tax Amount $18,749

Tax Year 2023

Lot Size 0.916 Acres

Acres 0.916

Property Description

34 unit Apartment complex with potential to enclose two units back to 36 units total. Additional adjoining lot to add a potential 16 more units. Seller shows CAP rate of 9.8% for 2023 and anticipates higher in 2024. 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 in process of installing digital fire detection system and all new window screens. Each unit has had updates as tenants transition. Currently owner has a 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.

Location

State MT

County Glacier

Zoning R2

Rooms

Basement Partial

Interior

Interior Features High Speed Internet, See Remarks

Heating Electric, Forced Air, Wall Furnace

Flooring Vinyl

Fireplace No

Laundry Coin-operated

Exterior

Exterior Feature Built-in Barbecue, Barbecue, Courtyard, Dog Run, Fire Pit, Playground, Rain Gutters, See Remarks

Parking Features Additional Parking, On Street, See Remarks

Fence Back Yard, Chain Link

Utilities Available Cable Connected, Electricity Connected, High Speed Internet Available, See Remarks

Water Access Desc Public

View Residential

Roof Type Other

Present Use Residential

Porch Patio

Building

Foundation Poured

Sewer Public Sewer

Water Public

Construction Status See Remarks

Others

Tax ID 38452912215140000

Security Features Security System Owned,Smoke Detector(s),Security System,Fire Alarm

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Keller Williams Realty Northwest Montana

Kevin Knapp

CEO/Broker Owner | License ID: 41470

+1(406) 871-7200