229 2nd Ave SE - Apartments FOR SALE


Cut Bank, MT 59427
$2,995,000 USD
406-799-5908
229 2nd Ave SE, Cut Bank, MT for Sale
$2,995,000 USD
Apartments - FOR SALE
1/46
null | Request Cap Rate

229 2nd Ave SE
Cut Bank, MT 59427


OVERVIEW

Introducing the Springhill Apartments, where breathtaking views of the Rocky Mountain Front meet a rock-solid investment opportunity. In the heart of Cut Bank, Montana—a town where rental demand consistently outpaces supply—this 35-unit gem stands out as a premier housing choice. Springhill has been thoughtfully reimagined with a suite of comprehensive renovations. You’ll find a refreshed lobby, modern flooring, and updated laundry facilities, all secured by a top-tier camera system. Outside, the property shines with lush new sod, a vibrant playground, and inviting dog parks that make tenants feel right at home. Beyond the aesthetics, the "heavy lifting" is already done: new gas water heaters, plumbing, and electrical updates are all in place. With a dedicated Rental Compliance Manager already driving record-high collections and a doubled rent roll, this is a rare chance to step into a stabilized, low-risk property that delivers from day one.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$77 USD /SF

# OF UNITS

36

PRICE/UNIT

$83,194

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Springhill Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

1

APN/PARCEL ID

38-4529-12-2-15-14-0000

ASK ABOUT THIS PROPERTY

Trampus CorderCorder and Associates, LLCMore Info
406-799-5908

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Trampus CorderCorder and Associates, LLCMore Info
406-799-5908

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.