229 2nd Avenue SE

229 2nd Avenue SE, Cut Bank, Montana 59427 United States

Add it all up on this one! Seller's Current cap rate is approximately 9.3 % with easy, significant upside potential! Seller estimates 10%! 33 units currently rented & with some minor reconfiguring can easily be changed back to 36 units, with rent increases accordingly. Just one of the options here to increase your bottom line! Current owner has spent the last few years making continual upgrades to this complex, putting the rent income back in, to increase the desirability of this complex. You have to get on a waiting list to rent here! Framed by an ideal location & friendly faces, stands this charming 33+ unit apartment complex. Its welcoming exterior hints at the warmth & comfort within, inviting residents to make it their home sweet home. As you approach the complex, the first thing that catches your eye is how well maintained it is. See Documents for all the amenities & improvements. Expecting a fast sale! Contact Mary Kay Myett at 406-250-4930, or your real estate professional The kids' playground, adorned with colorful swings, slides, and play structures, is a bonus. Laughter and giggles float through the air as children frolic and play, creating a sense of joy and community. Stepping inside, you're greeted by a lobby and sitting area where residents can unwind and connect amidst the serene surroundings. A designated dog area offers a space for furry friends to stretch their legs and socialize, fostering a pet-friendly atmosphere. Each unit within the complex is designed with modern amenities and comfortable living spaces. From cozy studios to spacious two-bedroom apartments, there's a perfect home for every lifestyle. Residents enjoy the convenience of 2 laundry areas on site, one in each wing. High-speed internet ensures seamless connectivity for work and leisure. The complex is not just a place to live but a vibrant community where neighbors become friends. Social gatherings provide opportunities for residents to mingle and build lasting relationships, enriching their living experience. With the exceptional cap rate, investors are drawn to the solid returns offered by this thriving property. Its prime location in a desirable neighborhood, within the charming town of Cut Bank, coupled with its attractive amenities and strong rental demand, make it a lucrative investment opportunity. Whether it's watching the sunrise from the courtyard, sharing a laugh with neighbors at a community barbecue, or simply enjoying the peace and tranquility of home, life at this apartment complex is filled with moments to cherish and memories to treasure. It is recommended that all buyers & buyers agents verify all the information provided to them regarding this property to their satisfaction, to include: square footage, lot size, etc. This information is provided by outside sources & deemed reliable but not warranted by Listing Broker/Listing Brokerage.

Listing Courtesy of Mary Kay Myett, Premiere Real Estate Professionals
285 2nd Ave W N No. 102

The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.