229 2nd AVE SE Active Save Request In-Person Tour Request Virtual Tour
Cut Bank,MT 59427
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