Springhill Apartments 229 2nd Ave SE 34 Unit Apartment Building $1,750,000 ($51,471/Unit) 10.36% Cap Rate Cut Bank, MT 59427
PROPERTY FACTS
| Price | $1,750,000 |
| Price Per Unit | $51,471 |
| Sale Type | Investment |
| Cap Rate | 10.36% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.92 AC |
| Building Size | 39,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1948/2024 |
| Zoning | 1 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Heating
- Kitchen
- High Speed Internet Access
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Courtyard
- Security System
- Pet Play Area
- Wi-Fi
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 34 | - | 1,000 |
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PROPERTY TAXES
| Parcel Number | 38-4529-12-2-15-14-0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,404,220 |
