Commercial Real Estate for Sale at 229 2nd Avenue Se in Cut Bank, MT for $1,850,000

Listing data last changed 10/31/2024
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229 2nd Avenue SE | Cut Bank

$1,850,000

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. MTR 30030372

Directions to property: From Hwy 2 turn south at Super 8 and Town Pump store, turn Right on 2nd Ave SE, follow to 229 and property on left.

MLS Listing ID: 
MTR 30030372
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,850,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Cut Bank
Address: 
229 2nd Avenue SE, Cut Bank, MT 59427, US
County: 
Glacier
Latitude: 
48.6315969
Longitude: 
-112.3337759
Building Details
Details about the building on a property.
Basement: 
Partial
Construction
Construction Materials: 
Brick, See Remarks
Foundation Details: 
Poured
Roof: 
Other
Exterior Features: 
Built-in Barbecue, Barbecue, Courtyard, Dog Run, Fire Pit, Playground, Rain Gutters, See Remarks
Porch: 
Patio
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Electric, Forced Air, Wall Furnace
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.92
Lot Size (Area): 
0.92
View: 
Residential
Waterfront: 
0
Lot Features
Parking Type: 
Additional Parking, On Street, See Remarks
Fence: 
Back Yard, Chain Link
Public Record
Parcel Number: 
38452912215140000
Property Zoning: 
Residential
Contract Details
Details about the listing contract.
Possession: 
Close Of Escrow
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Ted Dykstra Jr
Listing Office Name: 
Keller Williams Realty Northwest Montana